According to the IFC, the project consists of a risk sharing facility covering a maximum portfolio of credit facilities of up to XOF60 billion (approximately US$99.7 million equivalent), where IFC’s maximum exposure is up to 50% of the maximum portfolio, to be committed in two equal tranches. The purpose of the proposed RSF is to support the Bank’s portfolio with respect to finance for very small, small and medium enterprises (VSEs and SMEs), including women-owned VSEs and SMEs in Côte d’Ivoire and Senegal and is proposed to be processed under IFC’s Small Loan Guarantee Program, which is supported by the IDA18 IFC-MIGA Private Sector Window’s Blended Finance Facility.
The IFC categorized the project as FI-2.
From the IFC's website:
BBGCI was established in 2004 with operations starting in 2006. It initially focused on the Corporate and SME segments, then expanded in 2011 to the Retail, Professionals and VSE segments. The Bank’s shareholders include Bridge Group West Africa (77.2%), a financial holding company, Caisse Nationale de Prévoyance Sociale (20%), the social security trust of Côte d'Ivoire and the Senegalese businessman Mr. Oumar Sow (2.8%).
General IFC Inquiries - IFC Communications:
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Financial Intermediary - Bridge Bank Group Côte d’Ivoire:
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