IFC is the primary project sponsor.

The Fund is expected to be capitalized up to US$400 million. Proposed IFC investment is expected to be about 15% of the Fund or 25% (if the Fund closes at US$200 million).

50.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	50.0

* These investment figures are indicative

The project will invest throughout Africa.

This is a Financial Intermediary (FI) Type 2 project according to IFC''s environmental and social review procedure. PFA must require all subprojects to be carried out and operated in compliance with the applicable environmental, health and safety (EH&S) requirements of the host country. PFA must ensure that proper environmental due diligence procedures are executed prior to each fund acquisition. In addition, subprojects whose total cost is less than US$500,000 must be consistent with IFC''s Microfinance Exclusion List. Subprojects whose total cost is US$500,000 or greater must be carried out in accordance with IFC''s safeguard policies, be consistent with IFC''s Exclusion List, and meet the host country requirements. PFA must obtain IFC clearance prior to making any loan or investment with IFC funds in any Category A subproject and such a subproject must meet the applicable EH&S guidelines and safeguard policies of the World Bank Group. PFA must participate in environmental training, develop an environmental management system, and provide to IFC an annual environmental performance report.
Location of environmental documents In locally affected community