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Financing SMEs in the DRC: the IFC wants to guarantee 50% of the $30 million loans by two subsidiaries of the BOA

02/04/2025
Source : ORISHAS FINANCE
Categories: Sectors

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A travers une note, la International Finance Corporation (IFC), a member of the World Bank Group, announced that it plans to provide a partial guarantee of 50% on loans granted to small and medium-sized enterprises ( SMEs) by two subsidiaries of Bank of Africa (BOA) in Central Africa.

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Le mécasme évalué à un total amount of 30 million dollars, will cover the SME portfolios of the BOA in the Democratic Republic of Congo (DRC) and the Bank Credit of Bujumbura in Burundi. These two banks benefit from a target portfolio of loans to SMEs equivalent to 60 million dollars

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The initiative, which specifically targets two countries classified as fragile and conflict-affected states (FCS) and eligible for assistance from the International Development Association (IDA), will be accompanied by a technical assistance program aimed at strengthening the support of SMEs run by women, including training on gender equality and the establishment of specific monitoring tools.

This upcoming agreement also aims to strengthen their collaboration and increase access to finance for SMEs in the DRC and Burundi.
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