Fin’Elle, a microfinance institution (MFI) focusing on empowering women entrepreneurs by offering microfinance and mesofinance loans to women-owned small to medium companies (SMEs) in Côte d’Ivoire, has received a loan of EUR 2.3 million (USD 2.72 Mn) from Oikocredit, a social impact investor. In addition to the loan, Oikocredit plans on further supporting Fin’Elle with technical assistance to help them improve women’s financial literacy and increase financial inclusion in Côte d’Ivoire.
Fin’Elle is a microfinance institution committed to female business empowerment. Fin’Elle is dedicated to promoting a pan-African paradigm of inclusive finance for women, offering a variety of savings, loan products, and training sessions. Its mesofinance products cater to the needs of SMEs that need a loan but would be seen as too small for commercials banks and too big for MFIs.