50267 - MFP-BOP Platcorp

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Summary of Investment Information

Project Number

50267

Company Name

PLATCORP HOLDINGS

Date SPI Disclosed

Feb 25, 2026

Country

Eastern Africa Region

Region

Africa

Projected Board Date

Mar 27, 2026

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Feb 25, 2026

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Sector

Microfinance and Small Business - Non Commercial Banking

Additional Project Attributes

Blended Finance

Project Description

The proposed Project is an investment package of up to US$52 million including (i) up to US$27 million (LCY equivalent) for IFC’s own account, and (ii) up to US$25 million (USD or LCY equivalent) mobilization for the Kenya and Uganda subsidiaries through B loan and parallel loans on a best effort basis. The package is structured as five senior loans with a tenor of 4-years (1-year grace period) to five subsidiaries of Platcorp Holdings Ltd (“Platcorp”). The package is broken down as follows: (i) US$20 million for two subsidiaries in Kenya, (ii) US$5million for two subsidiaries in Uganda and (iii) US$2 million for a subsidiary in Tanzania. The proceeds will provide liquidity to and support the microfinance institution’s lending strategy to expand access to finance for MSMEs with a 50% target for women-owned MSMEs (WMSMEs). Subject to BFC’s Approval, the Project will be included in the FIG MSME Finance Platform supported by a Pooled First Loss Guarantee (PFLG) of up to US$40 million provided by the International Development Association (IDA) 20 Private Sector Window Blended Finance Facility (IDA20-PSW BFF) allocated to the BOP Envelope under the FIG MSME Platform.

Associated Advisory Engagement

The Platcorp team is currently undergoing an IFC Advisory program focused on ESG Advisory for Integrated Reporting and IFC has proposed Responsible Finance Certification during the course of the facility.

Sponsor / Cost / Location

IFC's loan to the financial institution described in this SII is targeted for on-lending to the following sector(s):

Product Type	Use of Proceeds
Straight Senior Loan	Loans to Woman-Owned SMEs
Straight Senior Loan	Loans to MSME (mix of Micro and SME)
Syndications	Loans to MSME (mix of Micro and SME)

IFC's Definitions of Targeted Sectors can be found here.

Development Impact

The most significant expected project level outcome is a substantial increase in access to finance for MSMEs across Kenya, Tanzania, and Uganda. Platcorp is well positioned to close the gap in MSME lending in these countries through leveraging, in particular, its strong regional presence and focus on underserved rural and peri-urban areas. Beyond the immediate project outcome, IFC expects the investment to contribute meaningfully to market creation by strengthening competitiveness in MSME lending across the region. By enabling Platcorp to leverage technology to broaden its client reach and enhance operational efficiency, the project is poised to set a new performance benchmark for serving high risk and informal MSMEs. Demonstrating that this segment can be served sustainably is expected to encourage other financial institutions to expand and deepen their MSME offerings.

The Project will provide Platcorp with scarce medium term local currency financing to expand its MSME lending operations across Kenya, Tanzania, and Uganda, where access to affordable longer tenor funding remains limited. In addition, IFC’s participation is expected to unlock parallel funding—mobilizing up to US$20 million for Kenya and potentially an additional US$5 million for Uganda—at a time when international lenders’ appetite has weakened due to elevated market risk. IFC will also help Platcorp strengthen its internal operations and adopt responsible finance practices across Kenya, Tanzania, and Uganda.

Indicator	Metrics	Comments
Number of Outstanding Loans, SMEs	number
SME share of total loan portfolio	%
Value of Outstanding Loans, SMEs	$

E&S Category Rationale / Risks and Mitigation

Platcorp Holdings and its subsidiaries operate as non-deposit taking microfinance institutions in Kenya, Tanzania, Uganda and Southern Africa, focusing on MSME and payroll lending. IFC’s investment will focus on 5 Subsidiaries, two in Kenya, two in Uganda and one in Tanzania. The project is categorized as FI-2 under IFC’s Policy on Environmental and Social Sustainability, reflecting low to moderate E&S risks. The portfolio is predominantly composed of retail and microenterprise loans with minimal adverse environmental or social impacts. Key risks include labor practices, client protection, and OHS (notably road safety for staff). The project will not support coal-related activities, higher risk activities or any activities on the IFC Exclusion List. In addition, Platcorp will be required to meet Life and Fire Safety requirements and the requirements of IFC’s Performance Standard 2 on Labor and Working Conditions.

Platcorp has a robust ESMS, last updated in 2023, covering E&S policy, exclusion list, risk categorization, incident reporting, stakeholder engagement, and regular staff training. The ESMS is implemented across all subsidiaries, with dedicated ESG managers and trained staff. OHS improvements are ongoing, with IFC support, to address frequent commuting accidents. Platcorp demonstrates strong management commitment and transparency, regularly submitting reports and updates to IFC.

S.no	Title	Anticipated Completion Date
1	ESMS update	09/27/2026

Contacts

For Inquiries About the Project, Contact

Platcorp Holdings Ltd
Isabel Wanjohi
Head of Treasury
+254 722 813 117
i.wanjohi@platcorpgroup.com
Hardy Office park, Koitobos Road, Karen,Nairobi, Kenya
www.platinumcredit.co.ke

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