MFP SME CBI SN

pending

The Project consists of an unsecured senior loan of up to US$25 million equivalent in EUR with a maturity of up to 5 years, including up to 12 months grace period. IFC’s own account (“O/A”) will provide US$10 million, while the remaining US$15 million will be mobilized from other lenders. The financing will be extended to Coris Bank International Senegal with the objective of providing the Bank with stable long-term funding to scale up lending to micro, small, and medium enterprises (MSMEs) in Senegal. At least 25% of the proceeds will be earmarked for women-owned or women-led MSMEs (WSMEs), thereby promoting inclusive access to finance.Subject to further approvals, the Project will be processed under the MSME Finance Platform (the Platform), which is supported by a pooled first-loss guarantee provided by the International Development Association Private Sector Window Blended Finance Facility (IDA20-PSW BFF), allocated to the SME Envelope under the Platform.