SLGP RSF NSIA Guinee

pending

IFC’s proposed investment in NSIA Banque Guinée or (“NSIA Guinée” or the “Bank”) will consist of:  SLGP RSF Project # 45636: An unfunded Risk Sharing Facility (“RSF”) in an amount of up to GNF 50 billion (or approximatively US$5 million) to be committed in two equal tranches, that will guarantee up to 50% of a portfolio of small and medium enterprises (“SME”) in an amount of up to GNF100 billion (or approximatively US$10 million), under IFC’s Small Loans Guarantee Program (“SLGP”). IFC’s SLGP program is supported by the IDA18 IFC-MIGA Private Sector Window Blended Finance Facility (IDA PSW-BFF) to de-risk and scale-up lending to SMEs, including women-owned SMEs, in Guinea.  The Project will also be potentially supported by the Women Entrepreneurs Finance Initiative (“We-Fi”) in the form of a performance-based incentive should NSIA Guinea to achieve significant growth in lending to women-owned SMEs (WSMEs). We-Fi is a collaborative partnership among 14 governments, six multilateral development banks (MDBs), and other public and private sector stakeholders, hosted by the World Bank Group. It seeks to address financial and non-financial constraints faced by women-owned small and medium enterprises around the world.  IDA PSW BFF and We-Fi’s support would enable IFC to rapidly roll out a program of risk sharing facilities to reach underserved SME segment of the market including women SMEs/VSEs that are otherwise not commercially bankable without this support.  GTFP ATRI NSIA Guinée Project # 42761: A Trade Finance facility of up to EUR5 million for NSIA Banque Guinée with a maturity of up to 1 year. The investment falls under the IFC’s Global Trade Finance Program (“GTFP”) and the African Trade and Supply Chain Finance Program (“ATRI”) with a pooled first loss of 25% from IDA19 PSW BFF to de-risk the investment. The investment will support the Bank trade business and enhance acceptability of Letter of Credits, Guarantees and other trade instruments issued by NSIA Banque Guinée in favor of its Correspondent Banks (CB).