Our first million of micro, Small & Medium Entrepreneurs served in Africa & China
March 2019, Baobab served more than 1 million client
45 % of our clients are women
35% of our clients are below 35 year old and 35% of our clients are between 35 and 45 year old
Our clients are mainly urban
70 % of our clients had their first relationship with a financial institution with Baobab
248,580 clients currently have a loan with us, those clients have usually 3 additional products with us
Average loan size for the group is 3,910€, in China it is 12 000 €, in Africa 2,950€
Luc Veyssiere, Chief Data Officer