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Supporting Mozambican SMEs' investments and job creation

Sector: Commercial • Location: France

Source: Proparco Groupe AFD (Agence Française de Développement)

Project
Achevé

AFD granted Banco Commercial e de Investimentos (BCI) a USD 2 million portfolio guarantee (ARIZ Guarantee) attached to the women-owned SME credit line. The guarantee covers the following loans of an amount in local currency equivalent to EUR 10,000 to EUR 300,000, with a maturity of 1 to 5 years. The loans are granted to purchase and/or create depreciable asset(s) and exclude the financing of cert

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Project Information

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The project “Supporting Mozambican SMEs' investments and job creation” is an infrastructure initiative in the Commercial sector, located in France. Taiyo aggregates data on it from Proparco Groupe AFD (Agence Française de Développement).

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Participants

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Status

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achevé

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Description

Description

AFD granted Banco Commercial e de Investimentos (BCI) a USD 2 million portfolio guarantee (ARIZ Guarantee) attached to the women-owned SME credit line. The guarantee covers the following loans of an amount in local currency equivalent to EUR 10,000 to EUR 300,000, with a maturity of 1 to 5 years. The loans are granted to purchase and/or create depreciable asset(s) and exclude the financing of certain sectors such as gambling, alcohol or tobacco production.The ARIZ guarantee covers up to 50% of the amount of each loan. This is a so-called last resort guarantee, intended to cover the bank's risk of final loss, that is to say after all collection attempts have been made. In case of loan default and upon request from the bank, a partial advance shall nevertheless be paid.

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USD

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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