PROJECT

Projects

Summary of Investment Information

Project Number

35378

Company Name

KCB BANK RWANDA LTD

Date SPI Disclosed

Dec 4, 2014

Country

Rwanda

Region

Africa

Projected Board Date

Jan 9, 2015

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jan 21, 2015
Signed : Feb 11, 2015
Invested : May 29, 2015

Sector

Commercial Banking - Rural Finance

Additional Project Attributes

Blended Finance

Project Description

Proposed investment consists of funding and risk mitigation to KCB Bank Rwanda Ltd to support farmer cooperatives in Eastern Rwanda that will supply maize and soybeans to a nutritious food processing plant to be established in the Country.

Financing to farmers will be used for seasonal working capital needs such as input costs (seeds, fertilizers), land preparation, weeding, harvesting, etc. As part of the Project, farmer coops will be supported through a comprehensive technical assistance package to be provided by IFC.

More than 12,000 smallholder farmers are expected to benefit from this Project through higher productivity levels, better crop quality and lower post-harvest losses, and therefore higher and more stable revenue stream.

The proposed financing package will be supported by the Private Sector Window of the Global Agriculture and Food Security Program (“GAFSP”). GAFSP funding plays a catalytic role to create opportunity to support innovative private sector investments and deliver a level of additionality and impact beyond what is possible through IFC’s regular operations.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation