Baobab RSFs

pending

The proposed project consists of two multi-country unfunded Risk Sharing Facilities (RSFs) totalling up to $120 million in IFC's Maximum Risk Amount to be allocated across six Participating Affiliates (PAs) of Baobab Group (Baobab or the Group), namely Baobab Burkina Faso, Baobab Cote d’Ivoire, Baobab DRC, Baobab Madagascar, Baobab Mali, and Baobab Senegal, with Burkina Faso, the Democratic Republic of Congo (DRC), Madagascar and Mali classified as IDA FCS countries (the Project). These RSFs represent the first regional facilities of this kind for microfinance institutions and will be structured as follows:-An Agri RSF of up to $70 million (in local currency equivalent), through which IFC will guarantee up to 70% of a consolidated portfolio of loans to smallholder farmers, cooperatives, agri-SMEs, and agri-enablers, with total exposure up to $100 million. -An SME RSF of up to $50 million (in local currency equivalent), where IFC will guarantee 50% of an aggregated portfolio of MSME loans, with a total exposure of up to $100 million.