SLGP SIB SME RSF II

active

The project is part of IFC’s Small Loan Guarantee Program (“SLGP” or “Program”) which provides risk sharing instrument to client banks looking to expand SME lending in underserved markets. SLGP is supported by the IDA18 IFC-MIGA Private Sector Window Blended Finance Facility (IDA PSW-BFF), which was created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states. The IDA PSW BFF support would enable IFC to rapidly roll out a program of risk sharing facilities to reach segments facing serious market failures in IDA countries and provide access to finance to such underserved targeted market segments which IFC could not otherwise serve due to the associated high risk. The concessional support from IDA PSW, will, therefore, enable SIB to expand lending to SMEs including small agribusinesses in Cote d’Ivoire with inadequate or no collateral or weak cash flow but with potential to grow their business initiatives.