PROJECT

Projects

Summary of Investment Information

Project Number

52785

Company Name

CORIS BANK INTERNATIONAL SENEGAL

Date SPI Disclosed

May 26, 2026

Country

Senegal

Region

Africa

Projected Board Date

Jun 24, 2026

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

Jul 2, 2026

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 30, 2026

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The Project consists of an unsecured senior loan of up to US$25 million equivalent in EUR with a maturity of up to 5 years, including up to 12 months grace period. IFC’s own account (“O/A”) will provide US$10 million, while the remaining US$15 million will be mobilized from other lenders. The financing will be extended to Coris Bank International Senegal with the objective of providing the Bank with stable long-term funding to scale up lending to micro, small, and medium enterprises (MSMEs) in Senegal. At least 25% of the proceeds will be earmarked for women-owned or women-led MSMEs (WSMEs), thereby promoting inclusive access to finance.

Subject to further approvals, the Project will be processed under the MSME Finance Platform (the Platform), which is supported by a pooled first-loss guarantee provided by the International Development Association Private Sector Window Blended Finance Facility (IDA20-PSW BFF), allocated to the SME Envelope under the Platform.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation