PROJECT

Projects

Summary of Investment Information

Project Number

33740

Company Name

RAWBANK SA

Date SPI Disclosed

Jan 15, 2014

Country

Congo, Democratic Republic of

Region

Africa

Projected Board Date

Feb 20, 2014

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG ME & Africa

Industry

Financial Markets

Previous Events

Approved : Feb 20, 2014
Signed : May 14, 2014
Invested : Aug 27, 2014

Sector

Commercial Banking - SME Finance

Additional Project Attributes

Blended Finance

Project Description

The proposed project consists of a senior loan of up to US$ 15 million to Rawbank S.A.R.L. (the “Bank”) in the Democratic Republic of Congo, and advisory services to support the Bank’s risk management framework. The project consists of: (i) A senior loan of approximately US$ 12.9 million for IFC’s own account; (ii) a senior loan of approximately US$ 2.1 million for the account of the SME Global Finance Facility; and (iii) an advisory services component to assist the Bank in strengthening its risk management framework. The project objectives are to: (i) enhance the Bank’s capacity to expand financial services specifically to small and medium-sized enterprises (“SMEs”) and women-owned SMEs through providing a loan and performance incentive for outreach to these segments; (ii) promote financial inclusion by supporting the Bank’s expansion of its financial services network to a larger and more diversified customer base; (iii) strengthen the Bank’s risk management framework.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation