MFP-BOP KIMS
Sector: Commercial • Location: Federal Republic of Somalia
Source: International Finance Corporation (IFC)
The proposed IFC investment comprises a 3-year, Sharia-compliant senior loan of up to US$1 million to KIMS Microfinance (KIMS or the Company). The proceeds will be on-lent to micro and very small enterprises in Somalia to address the financial inclusion gap and simulate job creation in a country where an overwhelming 67 percent of the population live below the poverty line (the Project). The Proje
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | pending |
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 | The proposed IFC investment comprises a 3-year, Sharia-compliant senior loan of up to US$1 million to KIMS Microfinance (KIMS or the Company). The proceeds will be on-lent to micro and very small enterprises in Somalia to address the financial inclusion gap and simulate job creation in a country where an overwhelming 67 percent of the population live below the poverty line (the Project). The Project will be included in the FIG MSME Platform which is supported by a pooled first loss guarantee (“PFLG”) of up to US$40 million provided by International Development Association (IDA) 20 Private Sector Window Blended Finance Facility (IDA20-PSW BFF) allocated to the Base of Pyramid (BOP) Envelope under the MSME Finance Platform. |
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 |