Through the risk-sharing arrangement, IFC anticipates that the RSF will enable the Bank to sustainably increase its SME lending profile by providing working capital to support commerce, funded trade finance for the importation of goods/raw materials, and longer-term loans to finance the acquisition of energy-efficient equipment and/or business expansion, and thus contribute to increasing access to SMEs' financing. The Bank will also focus on underserved sub-segments such as women-owned businesses and climate-smart businesses. At appraisal, the targeted subsegments will be further defined, as will the projected amount of financing for each.
Standard Chartered Nigeria
Head, Business Banking Products
+234 802 361 2616
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