Baobab is the largest deposit-taking, regulated microfinance institution in Côte d'Ivoire, representing more than 20% of the sector's gross loan portfolio. It has a well-diversified portfolio with national coverage, operating in 13 out of 14 districts of Côte d'Ivoire. The MFI is a majority-owned subsidiary of Baobab SAS Holding Company.

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The Spark+ facility will enable the MFI to scale-up its financing of liquified petroleum gas (“LPG”) and other clean cooking solutions. Specifically, Baobab Côte d'Ivoire finances SME and micro-enterprises whose core business is the distribution of LPG to households in urban and peri-urban areas. In addition, the MFI finances neighborhood kiosks that sell everyday essentials, including LPG cylinders and efficient biomass cookstoves.