SLGP CBC RSF

active

The proposed project consists of an unfunded Risk Sharing Facility (RSF) of up to US$30 million Sri Lankan Rupee (LKR) equivalent maximum IFC risk amount, representing 50 percent of an up to US$60 million LKR equivalent of small and medium enterprises (SME) loan portfolio to be originated by Commercial Bank of Ceylon PLC (CBC or the Bank). The Project will support the Bank's lending to SMEs, including agriculture SMEs (Agri-SMEs) and women-owned SMEs (WSMEs). The RSF is expected to have a facility life of up to 8 years inclusive of a ramp-up period of up to 3 years. The Project would be processed under IFC's Small Loans Guarantee Program (SLGP), a programmatic approach to de-risking and scaling-up financing for SMEs in eligible countries.