SLGP Rawbank Agri SME

pending

 The proposed project consists of an unfunded Risk Sharing Facility (RSF) of up to US$50 million to Rawbank (“RB” or the “Bank”) in the Democratic Republic of Congo (DRC). The proposed investment will be processed under the Small Loan Guarantee Program (“SLGP”), a programmatic approach to risk sharing which aims to enhance and strengthen the capacity of financial institutions for risk taking and financing of SMEs in eligible countries and is supported by the European Commission and the International Development Association (IDA19) Private Sector Window Blended Finance Facility. IFC will guarantee 50% of the Bank’s credit risk on a US$100 million portfolio of eligible Micro, Small, and Medium Enterprises (MSMEs) credit facilities including a US$10 million portfolio of eligible Agri SME loans. The SLGP RSF aims to support the Bank’s financing program to SMEs including agri-based SMEs in DRC.           Additionally, the Project is expected to be supported by the Global SME Finance Facility (“GSMEF”), subject to achieving agreed targets, in the form of a performance-based incentive (“PBI”) of up to US$0.6 million to incentivize the Bank’s lending to Women-owned SMEs (“WSMEs”).