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Microfinance institution in Mozambique that offers consumer credit for clean cooking solutions
TECHNOLOGY AND BUSINESS MODEL
Consumer finance provider for clean cooking solutions
COUNTRIES OF OPERATION
Mozambique
E&S RISK CLASSIFICATION
FI-3 - Low Risk
SPARK+ INVESTMENT
$700,000 senior unsecured loan
USE OF PROCEEDS
Capital for on-lending to consumers for the purchase of clean cooking solutions
WEBSITE
Microbanco Confiança SA is a Mozambican financial institution whose purpose is to provide financial services with a focus on rural areas. The institution aims to foster a culture of well-being and offer a long-term value proposition in balance with the well-being of people, the company, and the rural communities in which it operates.
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Microbanco Confiança is launching a green microfinance product in partnership with DePoint, a local distributor of gas cookstoves and 11kg cylinders. The goal is to reach 5,000 clients in both rural and urban areas within one year.
