Original disclosure @ IFC website
Updated in EWS May 2, 2020
Disclosed by Bank Feb 21, 2020
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According to IFC website, the project is an investment of US$40.3 million in the European Fund for Southeast Europe (EFSE). EFSE is a collective debt investment vehicle that channels long term resources for on-lending to micro and small businesses and private households through banks and microfinance institutions in Europe and Central Asia. It will help bridge the micro, small and medium enterprises (MSME) gap in ECA and shore up access to finance for MSMEs and low-income housing loans.
Stakeholders' effect (Access to MSME finance): The most significant, expected Stakeholders' effect is increased access to MSME finance through long-term lending to banks and microfinance institutions. Since inception, the Fund has generated, via on lending by the financial intermediaries funded, more than 1 million sub-loans totaling EUR7.6 billion. This has directly contributed to the lessening of the MSME finance gap in the region, which remains underserved by local banks or any other alternative sources of capital.
Market creation (Integration): IFC anticipates that the Project will enhance connectivity and integration among public and private investors by demonstrating to the wider investor community that the MSME segment poses bankable investment opportunities representing an attractive risk-reward profile.
Market creation (Inclusiveness): IFC anticipates that the Project can foster greater inclusiveness in the market through expanding microfinance and banking services, through efficient underwriting, use of fintech, responsible finance practices, and innovation to reach underserved segments.
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Finance in Motion GmbH
+49 69 271 035-140
Carl-von-Noorden-Platz 5, 60596 Frankfurt am Main, Germany
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