AccèsBanque Madagascar (ABM) opened its doors to the public in 2007, as Madagascar’s first microfinance bank. ABM first started its operations in the capital city of Antananarivo, but has further expanded its operations and expects to expand its network of branches, also to less accessible areas.
Triodos Sustainable Finance Foundation is among the founding shareholders of ABM and contributes in this way to the development of the microfinance sector in Madagascar. A senior Triodos Bank co-worker represents the fund on the Board of Directors. In addition, Triodos Susainable Finance Foundation has provided a loan to ABM, in syndication with Triodos Microfinance Fund and Triodos Fair Share Fund.
KEY INDICATORS AccesBanque Madagascar at year-end 2012:
- number of loan clients: 25,561
- percentage female clients: 53%
- percentage rural clients: 14%
- average loan amount: EUR 703
- number of savings clients: 100,893
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.