PROJECT

Projects

Summary of Investment Information

Project Number

45557

Company Name

EQUITY BCDC

Date SPI Disclosed

Jun 14, 2021

Country

Congo, Democratic Republic of

Region

Africa

Projected Board Date

Jun 15, 2021

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Apr 18, 2024

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 22, 2021
Signed : Jun 30, 2021
Invested : Oct 6, 2021

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The Project consists of a local currency (CDF linked-loan structure) senior loan to Equity BCDC (EBCDC) in the Democratic Republic of Congo (DRC), an IDA-LIC and FCS country. The Project will be processed under the Base of the Pyramid (BOP) Program to support the growth of the Bank’s micro, small, and medium enterprises (MSME) portfolio and will benefit from a 40% Pooled First Loss Guarantee (PFLG) and the Local Currency Facility (LCF).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation