PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605717

Primary Business Area

Other

Disclosure Date

Jul 12, 2022

Country

Guinea

Region

Africa

IFC Approval Date

Nov 23, 2021

Status

Active

Estimated Total Budget

$800,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 19, 2022

Project Estimated Start Date

Nov 23, 2021

Project Estimated End Date

Dec 31, 2024

Project Description

The project will focus on strengthening the “buyers and suppliers marketplace” (the marketplace), creating capacity among stakeholders, and promoting access to finance through the development of supply chain finance and technical support to both small and medium enterprises and financial institutions. The project has 2 components that will run in parallel: (1) increasing purchases from local SME by (i) consolidating the marketplace to secure more contracts between large companies and local SME; (ii) creating institutional capacity and advocating for a more level playing field for SME; and (iii) create capacity among SME to broaden the base of reliable suppliers. (2) supporting access to finance for SMEs by (i) identifying financial market regulatory issues to promote innovative financial services in Guinea, and (ii) connecting financial institutions and SME.

Development Results

E&S Risks / Impacts and Mitigation