Abler Nordic Impact Report | Q1 24

📈How do we help boost entrepreneurship for unbanked and underbanked people in Sub-Saharan Africa?


Investing in Entrepreneurs

In our Q1 24 Impact Report we take a deep dive into our investment in Baobab Group, that provides financial services to over half a million micro entrepreneurs and small businesses through its subsidiaries in Burkina Faso, Democratic Republic of Congo, Ivory Coast, Madagascar, Mali, Nigeria and Senegal.

72% of customers were previously unbanked and have now been able to realize their entrepreneurial potential, irrespective of their financial background.

Check out our Q1 24 Impact Report

Access to energy matters

Currently, 600 million people in Sub-Saharan Africa lack access to electricity, creating significant barriers to health care, education, productivity, digital inclusivity, and ultimately job creation (World Bank).

In our report, we also take a look at Baobab+, part of Baobab Group, that brings access to solar energy, clean cookstoves and digital solutions such as mobile phones within reach of rural people in Senegal, Mali, Côte d’Ivoire, Madagascar, Nigeria and the DRC where grid service is non-existent or spotty.

Are we on track to reach the SDGs?

The Sustainable Development Goals (SDGs) are 17 global targets set by the UN to tackle big issues like poverty, education, and climate change by 2030. It's crucial to hit these goals on time to ensure a fair and healthy future for everyone. If we don't, problems like inequality and environmental damage could get much worse, affecting us all.

We track how our investments contribute to six of the SDGs, how we work with Client Protection, and take a look at the status of the different regions we’re invested in.

Solar light powering education

📷 Farignoro Silue Lakpolo is a traditional healer from Côte d'Ivoire and a customer of Baobab+ who got her home solar kit in 2019. She’s a a widow with 6 children, and when she built the house, the neighborhood didn’t have a connection to the electricity grid.

☀️ Now with 3 solar lights, her children can study. Next to her house she is building rooms to let out. She explains with a broad grin what her biggest wish is: a solar powered car, so it’s easier for her to visit patients that are living in remote areas.

Read our Q1 24 Impact Report

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