📋 Tender Overview
Project Number
51338
Company Name
SLGP RSF Access Bank Sierra Leone
Date SPI Disclosed
Apr 28, 2025
Country
Sierra Leone
Region
Africa
Projected Board Date
May 30, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Africa
Industry
Financial Institutions
Sector
Commercial Banking - SME Finance
Additional Project Attributes
Blended Finance
Project Description
The project entails an unfunded Risk Sharing Facility ( RSF) of up to US 10 million equivalent in LCY (Sierra Leonean Leones), guaranteeing 50% of an up to US$20 million small and medium enterprises ( SME ) loan portfolio to be originated by Access Bank Sierra Leone Limited ( Access SL or the ABSL ) based in Sierra Leone. The Project will support the Bank to enhance its lending to SMEs, particularly women-owned and managed SMEs ( WSME and WMSMEs ). The Project is the first of IFC’s re-engagement in Sierra Leone after a GTFP transaction with Guaranty Trust Bank (Sierra Leone) in 2021. The Project would be processed under IFC’s Small Loans Guarantee Program ( SLGP ), a programmatic approach to de-risk and scale-up financing for SMEs in eligible countries.
