The proposed project consists of an unfunded Risk Sharing Facility (the “RSF”) for up to XOF10 billion (or approximately US$16.5 million) committed in two equal tranches to Banque Internationale pour le Commerce et l'Industrie de la Côte d’Ivoire (“BICICI” or “the Bank”) with a maturity of up to 8 years under IFC’s Small Loans Guarantee Program (“SLGP”). The RSF will cover up to 50% of the risk on a portfolio of small and medium enterprise (“SME”) and women-owned/led SME (“WSME”) loans in an amount of up to XOF20 billion (or approximately US$33.0 million) to help scale up the Bank's SME lending in Côte d’Ivoire (the “Project”). The loans will be originated by BICICI, the sixth largest bank in Côte d’Ivoire in terms of gross loans.
Mr. Yao Gérard Kouadio
+225 27 20 24 24 24
Avenue Franchet d'Espérey 01 BP 1298 Abidjan Plateau, Côte d’Ivoire
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