PROPARCO is a fund uf funds based in Paris, France. Established in 1977, the firm seeks to finance operations that are economically viable, socially equitable, environmentally sustainable and financially profitable. Proparco plays an essential role within the AFD Group and the French cooperation for funding and assistance in corporate projects and financial institutions in developing countries and emerging from SMEs to regional banking group through the development of microfinance. The firm is a wholly-owned subsidiary of Caisse centrale de Cooperation Economique (formerly AFD). The assets of the firm are managed by the board of directors.