Credit du Congo - SME Risk Sharing Facility

pending

The project consists of a risk-sharing facility (“RSF”) between IFC and Credit du Congo (“CDCO” or “the Bank”) to help the Bank finance a portfolio of eligible Small and Medium Enterprises (“SMEs”) in the value chain of Total Exploration & Production Congo (“TEPC”), the country’s largest global oil exploration and production company. The local SMEs referred to IFC and the Bank have been identified by TEPC based on a detailed survey of local subcontractors in Total’s value chain. The SMEs concerned operate in a range of industries and services ranked as priority areas for local sourcing under TEPC’s local content program. As part of the RSF, IFC would share with CDCO the senior risk on a portfolio of new loans to such SME.The Project will be supported by the Global Small and Medium Enterprises (SME) Financing Initiative which IFC is undertaking in partnership with other multilateral and bilateral partners to help expand SME financing on a sustainable basis.