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 meanwhile opened branches in other parts of the country and is currently expanding its activities 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.
KEY INDICATORS AccesBanque Madagascar at year-end 2013:
- number of loan clients: 26,739
- percentage female clients: 51%
- percentage rural clients: 15%
- average loan amount: EUR 785
- number of savings clients: 120,333
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.