SLGP RSF Sogesol

pending

 The proposed project consists of an up to US$ 5 million equivalent risk sharing facility ('RSF') with Société Générale de Solidarité S.A. (Sogesol) on a portfolio of up to US$10 million equivalent. The project will support Sogesol in increasing its lending to small enterprises in the country, including agri-enterprises in Haiti.  The project is part of IFC’s Small Loan Guarantee Program which provides risk sharing instruments to client financial institutions looking to expand SME lending in difficult to serve markets.  SLGP is supported by the IDA18 IFC-MIGA Private Sector Window’s Blended Finance Facility (PSW-BFF), which was created by the Word Bank Group to catalyse private sector investment in IDA countries, with a focus on fragile and conflict-affected states. PSW BFF support enables IFC to rapidly roll out a program of SME risk sharing facilities to reach segments facing serious market failures which IFC could not otherwise serve.