ENAT BANK (IFC-601912)

Countries
  • Ethiopia
Where the impacts of the investment may be experienced.
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
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 17, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Enat Bank
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 12, 2019

Disclosed by Bank Jan 28, 2019


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Project Description

This is an advisory services project with Enat Bank and is designed to increase access to finance to the underserved SME and the women markets segment. The development and implementation of appropriate Banking solutions and development of skills will training of staff will contribute to job creation. The proposed project will increase access to finance to SMEs and women-owned businesses in Ethiopia through supporting Enat bank implement a Banking on Women Program. Increased financing for businesses will lead to the creation of more jobs and a reduction in poverty.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Enat Bank -- Implementing Company
Contact Information

No contact information provided at the time of disclosure

ACCOUNTABILITY MECHANISM OF IFC

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