25386 - AMSME Rawbank

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Summary of Proposed Investment

Project Number

25386

Company Name

RAWBANK SA

Date SPI Disclosed

May 29, 2008

Country

Congo, Democratic Republic of

Industry

Financial Markets

Projected Board Date

Jun 30, 2008

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

Previous Events

Approved : Apr 14, 2009
Signed : Apr 16, 2009
Invested : Jul 22, 2009

Project Description

The project which is part of the Africa MSME program, aims to provide Rawbank with a senior loan of up to $7 million along with a technical assistance (TA) package of up to two years of on-site advisory services to be led by a pre-selected consulting firm that has strong experience and a proven track record in the field of micro and SME finance advisory services. As part of the Africa MSME Finance Program, the project’s main objective is to strengthen the overall risk management capacity of Rawbank and to build up its MSME portfolio on a sustainable basis by providing the Bank with modern tools and methodologies for developing and marketing new products based on sound underwriting credits policies.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	200.0
Equity

Development Impact

Under the Africa MSME Finance Program, this project will strengthen Rawbank’s funding base and bring about the transfer of technical know-how and best practices to enable Rawbank to develop a solid platform from which to grow its MSME portfolio. The project will allow Rawbank to provide much needed financing for small and medium enterprises and will result in an increase in the volume and number of loans to MSMEs.

IFC’s role in the project is:

- to provide medium-to long-term funding to enable the Bank to develop an MSME financing program that would not otherwise be available in Democratic Republic of Congo, thereby catalyzing the expansion of credit availability to MSMEs;
- to help demonstrate the viability and encourage the development of SME lending in countries like Democratic Republic of Congo where there is a market gap that impedes sustainable economic growth;
- to enhance competition in the banking sector, by helping Rawbank grow its market share.

This project involves IFC support for the business of Micro and Small Enterprise finance and has been classified as a Category FI project according to IFC’s Environmental and Social Review Procedure. Considering the nature of activities supported, the project will be required to:

- Develop an Environmental & Social Management System (ESMS) relevant to its business process, prior to disbursement, that is satisfactory to IFC, and that ensures that all its investments are screened and processed to avoid supporting activities on the Micro-finance exclusion list and that ensures that its corporate projects are in compliance with the applicable National Environmental and Social Laws and regulations;
- Demonstrate commitment and resources to implementing the ESMS, and take action to remedy any gaps in implementation on an ongoing basis; and
- Submit a periodic report to IFC as per a format to be provided by IFC.

Contacts

For Inquiries About the Project, Contact

Mr. Thierry Taeymans, Chief Executive Officer
Rawbank
3487 Blvd du 30 juin,
Kinshasa, B.P. 2499 Kin 1
Democratic Republic of Congo
Telephone: +243.898.10.10

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This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

Shareholder	Number of Shares
RAWHOLDING S.A.	694
Mazhar RAWJI	1
Musthaque RAWJI	1
Zahir RAWJI	1
Ali RAWJI	1
Aslam RAWJI	1

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