Original disclosure @ IFC website
Updated in EWS Apr 21, 2023
Disclosed by Bank Mar 30, 2023
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According to the IFC, the proposed project consists of an up to 3-year unsecured senior loan of up to XAF1.9 billion or approximately US$3 million equivalent to Express Union Tchad to help increase its lending capacity to retail borrowers in Chad. The financing package will comprise up to XAF 625 million (c. US$1 million) from IFC’s own account and mobilization from other lenders of up to XAF 1.25 billion (c. US$2 million). The project will be processed under IFC’s COVID Base of Pyramid Facility and will make use of the IDA Private Sector Window Pooled First Loss Guarantee as well as the Local Currency Facility.
The IFC categorized the project as FI-3.
As stated by the IFC, Express Union Tchad is a subsidiary of Express Union Holding, a holding company with shareholdings in MFIs operating in seven countries in Central and West Africa.
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Financial Intermediary - Express Union Tchad:
Mr. Ebenezer Dongmo - Chief Executive Officer
Phone: +235 66201389
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