FEFISOLFonds Européen de Financement Solidaire pour l'Afrique (French: European Solidarity Financing Fund for Africa)
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These include French development association Solidarite International pour le Developpement et l'Investissement (SIDI), who will manage of the FEFISOL fund, Belgian development organisation Alterfin and Etimos from Italy.
FEFISOL will fund microfinance institutions and producer organisations across the continent in local currency.
The European Investment Bank will provide EUR 5m for FEFISOL to help develop microfinance operations and small holder organisations in rural areas across Africa and improve access to fair trade and organic export markets.