ShoreCap III (IFC-38697)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
SHORECAP III, LP
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 9, 2018

Disclosed by Bank Apr 21, 2017


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Project Description

The project website is no longer available.

People Affected By This Project

1. Facilitate access to funding for MFIs and Small Banks: The current demand for credit by underserved microenterprises in emerging markets far exceeds the funding provided by donors and commercial lenders. The creation of the SCIII will enable the financial institutions to have access to financing to develop their operations and enable them to meet the local demands from microenterprises and small entrepreneurs.
2. Increase access to finance for MSMEs: The Project will benefit the end users, MSMEs, in terms of increased access to finance, which will in turn stimulate business activity and create jobs in Sub-Saharan Africa, including IDA/FCS countries.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

ACCOUNTABILITY MECHANISM OF IFC

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