PROJECT

Projects

Summary of Investment Information

Project Number

45584

Company Name

RAWBANK SA

Date SPI Disclosed

Nov 17, 2022

Country

Congo, Democratic Republic of

Region

Africa

Projected Board Date

Dec 18, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 14, 2023

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Dec 22, 2022
Signed : Dec 28, 2022
Invested : Jun 12, 2023

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

 The Project consists of a senior loan of up to US$35 million with a tenor of up to 3 years (1 year grace) to Rawbank (RB) 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 SME portfolio and will benefit from a 40% Pooled First Loss Guarantee (PFLG) from IDA-PSW Blended Finance Facility (BFF).

Sponsor / Cost / Location

E&S Category Rationale / Risks and Mitigation