PROJECT

Projects

Summary of Proposed Investment

Project Number

27408

Company Name

ACCESSBANK CJSC

Date SPI Disclosed

Sep 18, 2008

Country

Azerbaijan

Industry

Financial Markets

Projected Board Date

Oct 20, 2008

Status

Completed

Sector

Commercial Banking - Microfinance and Small Business

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Feb 26, 2009
Signed : Mar 30, 2009
Invested : Dec 21, 2009

Project Description

The proposed project would consist of a 5-year senior loan of up to $15.0 million to Micro Finance Bank of Azerbaijan (MFBA or the Bank). The investment is intended to support the Bank’s strong growth in Azerbaijan’s microfinance segment by providing long-term funding and thus, increasing the access to affordable finance for micro and small entrepreneurs.

Sponsor / Cost / Location

Development Impact