Launch the Première Agence de Microfinance (PAMF) - View Press Release
On 29 April 2008, President Laurent Gbagbo of Côte d’Ivoire and His Highness the Aga Khan launched the Première Agence de Microfinance (PAMF) in Abidjan (View Press Release). PAMF has started operations in the areas of Boundiali and Dianra in northern Côte d’Ivoire.
Loans are primarily intended for income-generating activities, and are designed to improve agricultural productivity, acquire livestock and establish small enterprises in rural and urban areas. A central objective is to assist seasonal workers in the generation of income during the off-season. Loans range from CFA 150,000 to 250,000 (US$ 300-500) and run from six months to two years.
Première Agence de Microfinance (PAMF) is a part of the Aga Khan Agency for Microfinance (AKAM), a non-profit agency of the AKDN that aims to alleviate poverty and combat social and economic exclusion, operates microfinance institutions in countries throughout Africa, Asia and the Middle East.
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