MFP-BOP BBDRC (IFC-53434)

Countries
  • Congo, Democratic Republic of
Geographic location where the impacts of the investment may be experienced.
Specific Location
Kinshasa and other urban and peri-urban centers
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
FI
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 22, 2026
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Baobab DRC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jun 8, 2026

Disclosed by Bank May 26, 2026

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the proposed investment consists of a senior unsecured USD-denominated term loan of up to US$5 million from IFC’s own account to Baobab DRC (“BBDRC”). Proceeds will be on-lent exclusively to micro, small, and medium-sized enterprises (MSMEs) and women-led/women-owned MSMEs (WMSMEs), with a minimum of 25% of proceeds earmarked for WMSMEs and 25% for climate finance activities, on a best-efforts basis. 

The project is located in the Democratic Republic of Congo (DRC), an IDA/FCS country. BBDRC operates across multiple regions of DRC through its branch network, with activities concentrated in Kinshasa and other urban and peri-urban centers. The institution targets MSMEs and WMSMEs across DRC, avoiding operating in the highest-risk zones affected by the ongoing security crisis.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The proposed IFC investment consists of a senior unsecured USD-denominated term loan of up to US$5 million to BBDRC, with a tenor of 3 years, including a 1-year grace period on principal repayment.  

 

Financial Intermediary
A financial intermediary is a bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Baobab DRC, formerly known as Oxus DRC, is a microfinance institution (MFI) regulated by the Banque Centrale du Congo (BCC). Established in 2013, Baobab DRC is majority-owned by Baobab SAS (99.98%), the French-domiciled holding company of the Baobab Group. Beltone Capital, a wholly owned subsidiary of Beltone Holding, owns 100% of the shareholding of Baobab SAS.

BBDRC is the second-largest MFI in DRC by loan book size, with gross loans of US$64.3 million and total assets of US$71 million as of December 2025. BBDRC has been serving MSMEs and WMSMEs in DRC since its inception, with a strong focus on financial inclusion for underserved micro and small enterprises.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Baobab DRC
Hassoumi Abdoul Rahmanou
CFO
+24389580500
habdoulrahmanou@baobab.com

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries 

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org 

How it works

How it works