EB-Accion CMR

completed

The project involves an equity investment to acquire up to 15% in EB-ACCION Cameroun (the “Company”), a new microfinance institution to be established in Cameroon to provide access to finance to an estimated 33,000 micro and small entrepreneurs five years following its inception. The project sponsor is Ecobank Cameroon, and technical services will be provided by ACCION International. Other shareholders include ACCION Investments in Microfinance (AIM) and Ecobank Transnational Incorporated (ETI).IFC’s equity investment may be complemented by a partial credit guarantee of up to $2.5 million equivalent, and will be accompanied by an Advisory Services (AS) package of up to $2.54 million for the setting up of the company. Up to 30% of this allocation will come from IFC, and the remainder from a combination of Ecobank, ACCION and the company. ACCION will be the principal provider of technical services to the project.