In 2019, Baobab Group has performed strongly. By the end of 2019, we had disbursed almost €1bn in loans and had a gross loan portfolio of €714m in Africa and China. In 2019, Baobab Group recorded excellent financial results. Group consolidated income after tax for 2019 stood at €25m, up 45% on 2018, which puts Baobab among the leading microfinance companies (for microenterprises and SMEs) in Africa and China. This strong growth and good financial results confirm our vision of being the partner of choice for entrepreneurs in Africa and China.
Over 200,000 clients can now access the Baobab App in Madagascar. This mobile App allows clients to monitor their account balance, follow loan repayments and get full access to all tailored commercial offers.