According to the IFC, the proposed investment to Banque Mauritanienne de l’Investissement consists of an up to US$20 million senior loan with a maturity of 3 years, processed under the Base of the Pyramid program. The Project will support the growth of the Banks’ micro, small, and medium enterprises portfolio and will benefit from benefit from a 40% Pooled First Loss Guarantee from IDA-PSW Blended Finance Facility and the Global Small and Medium Enterprise Finance Facility as described in the Blended Finance Section.
The IFC categorized the project as FI-2.
As stated by the IFC, BMI is headquartered in Nouakchott, Mauritania, and started its operations in 2017 as a Shariah-compliant universal bank.
BMI is the newest Mauritanian bank operating in the country that grew at a very strong pace to become the fourth largest bank in Mauritania in terms of total assets.
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