Oikocredit invests € 7.5 million in Vista Bank Burkina to support SMEs and educational finance in Africa
November 22 | 2023 Oikocredit is providing a loan of € 7.5 million to support the growth initiatives of Vista Bank Burkina in Burkina Faso. This substantial investment is strategically aimed at fortifying financial inclusion and nurturing economic development in the region.
With this funding, Vista Bank Burkina plans to reinforce its support for small and medium enterprises (SMEs). The emphasis will be on crucial sectors such as transport, agriculture processing, and trade.
Beyond SME support, the financing will empower Vista Bank Burkina to enhance access to educational finance for schools and households, aligning seamlessly with Oikocredit's commitment to social and environmental impact.
Celia Toure, Investment Officer at Oikocredit, expressed her excitement about the partnership, underlining its potential to create and sustain up to 200 jobs annually in Burkina Faso. This collaboration underscores Oikocredit's steadfast dedication to fostering financial stability and economic empowerment in the region.
Archive > 2023 > November
- November 28 | 2023 11/28/23, 2:16 PM - Q3 2023 quarterly report: Creating more impact despite headwinds
- November 22 | 2023 11/22/23, 11:41 AM - Oikocredit invests € 7.5 million in Vista Bank Burkina to support SMEs and educational finance in Africa
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- November 06 | 2023 11/6/23, 10:29 AM - Oikocredit invests US$ 2 million in RDG Collective to support solar energy growth in Africa
