African Bank
Sector: Residential • Location: South Africa
Source: International Finance Corporation (IFC)
African Bank was established in 1975, to serve the "unbanked" sectors of the community. It has now grown to be a dominant player in the payroll based lending market, which accounts for about 1.5% of the total assets in the South African banking sector.The proposed project will assist African Bank to: expand its operations to small contractors and taxi financing; provide micro-loans to previously d
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | African Bank was established in 1975, to serve the "unbanked" sectors of the community. It has now grown to be a dominant player in the payroll based lending market, which accounts for about 1.5% of the total assets in the South African banking sector.The proposed project will assist African Bank to: expand its operations to small contractors and taxi financing; provide micro-loans to previously disadvantaged groups for low-cost housing and education.IFC will provide long-term finance to a second-tier bank, thus promoting confidence in the sector. The increase of the number of small businesses, low-cost housing availability, and the number of educated people, are high priorities for the South African government. Small contractors and taxi operations provide a means of livelihood in a country with high unemployment; housing is a necessity; and education is essential for economic growth. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |