SLGP RSF Access Bank Sierra Leone

pending

The project entails an unfunded Risk Sharing Facility (“RSF) of up to US 10 million equivalent in LCY (Sierra Leonean Leones), guaranteeing 50% of an up to US$20 million small and medium enterprises (“SME”) loan portfolio to be originated by Access Bank Sierra Leone Limited (“Access SL” or the “ABSL”) based in Sierra Leone. The Project will support the Bank to enhance its lending to SMEs, particularly women-owned and managed SMEs (“WSME and WMSMEs”). The Project is the first of IFC’s re-engagement in Sierra Leone after a GTFP transaction with Guaranty Trust Bank (Sierra Leone) in 2021. The Project would be processed under IFC’s Small Loans Guarantee Program (“SLGP”), a programmatic approach to de-risk and scale-up financing for SMEs in eligible countries.