IPAE 1

ACEP Madagascar is a financial institution for micro companies financing and SMEs. ACEP Madagascar was created in 2009 and positions as a major actor in microfinance industry in Madagascar. Its aim is to bring financial services (credit, saving, insurance) to populations traditionally excluded from the financial circuit because of their non-solvability.

ACEP Madagascar is one of Madagascar’s oldest MFIs. Thanks to its network of 6 regional branches and 42 agencies, it makes its financial products available to a wide range of customers.

PARTNERSHIP WITH I&P

I&P is committed alongside ACEP Madagascar to:

• The standardization of management tools in the domain of computing, new technologies, and use of plastic money. 

• To think about environmental responsibility and social performance.

IMPACTS

• More than 350 jobs created

• Incomes have known a growth of +24% from 2010 to 2011

• Since its creation in 2009, ACEP has allowed credits to more than 19500 urban and suburb entrepreneurs 

The Comorian Development Bank (CDB) was created in 1982 by the Union of the Comoros, the AFD (French Agency for Development) and the European Investment Bank. Its initial goal was to promote the Comorian economic growth while financing for the medium-term production activities. Following a period when the CDB met great difficulties, a technical assistance mission was led by ACEP-International with AFD’s funding in 2008. A new credit policy was defined and the CDB has greatly developed its outstanding and is now profit-making since 2010.