PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602323

Primary Business Area

Other

Disclosure Date

May 1, 2019

Country

Congo, Democratic Republic of

Region

Africa

IFC Approval Date

Sep 3, 2018

Status

Completed

Estimated Total Budget

$600,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated Start Date

Aug 1, 2018

Project Estimated End Date

Jun 30, 2020

Project Description

The objective of the DRC Leasing Program is to facilitate access to finance for micro, small and medium sized enterprises through the development of a sustainable leasing industry. It will do this by working at the regulatory, market and firm levels. Specifically, the program aims to: 1. Support the Central Bank of DRC to update the current leasing regulation and develop the supervision framework (regulatory level); 2. Attract additional players into the local market, and by doing so support at least two entities to launch leasing operations, and help facilitate a minimum of US$ 1 million in lease financing to SMEs one year post-completion (market and firm levels); and 3. Provide leasing technical assistance to commercial banks and/or specialized leasing companies to enable at least an additional 50 entities to access financing through leasing (there are currently zero), 10 of which should be female-run entities, by one year post-completion (firm level). The program further expects to hand over activities to the African Leasing Federation (Africalease) and country-based national banking and/or leasing associations to build upon this success in an effort to create a vibrant and sustainable leasing industry in DRC.

Development Results

E&S Risks / Impacts and Mitigation