RFF ACEP Burkina SL

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 The proposed project is an investment of up to US$4 million equivalent in XOF in the form of a 5-year senior loan to Alliance de Crédit et d'Epargne pour la Production (ACEP) Burkina, aiming at supporting the microfinance institution expand its lending operations in the rural finance and MSME space in Burkina Faso. The project is part of the Phase I of IFC’s Rural Finance Facility (RFF), a platform program being developed by IFC and aiming to support financing of micro, small and medium enterprises (MSMEs) in rural areas, including agri-MSMEs, smallholder farmers (SHFs) and rural value chain operators in FCS and low-income IDA countries, in Africa and the Middle East. The RFF program will be implemented in 2 distinct phases: Phase I will identify and support partner financial institutions (“PFIs”) with an interest in rural finance, and Phase II will focus on supporting farmer cooperatives across multiple value chains to roll-out digitally-enabled finance through partner financial institutions.The project includes support from the International Development Association’s Private Sector Window Local Currency Facility (IDA-PSW LCF) as described below.