PROJECT

Projects

Summary of Investment Information

Project Number

39519

Company Name

ACCION MICROFINANCE BANK LTD

Date SPI Disclosed

May 17, 2017

Country

Nigeria

Region

Africa

Projected Board Date

Sep 30, 2017

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Oct 20, 2017
Signed : Nov 21, 2017
Invested : Apr 12, 2018

Sector

Commercial Banking - General

Project Description

This project aims at supporting the expansion of the lending activities of Accion Microfinance Bank Limited (AMfB) to micro and small enterprises in Nigeria. The proposed investment consists of a local currency loan for IFC’s own account of up to NGN1.0billion (~US$3.2million).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation