Proposition 2
Tag 05QZ, permanent. Cite it as [Bourbaki, Tag 05QZ].
Algebra, chapter II, § 6. Inverse and direct limits of modules
For every inverse system (Eα,fαβ) of A-modules and every A-module F, the canonical mapping u↦(fα∘u) is a Z-module isomorphism
(2)
lF:HomA(F,←limEα)→←limHomA(F,Eα).
Bourbaki puts the proof directly after the statement, so what is above is the statement and its proof together.
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Cites
Nothing.