The objective of the DRC Leasing Program is to facilitate access to finance for micro, small and medium sized enterprises through the development of a sustainable leasing industry. It will do this by working at the regulatory, market and firm levels. Specifically, the program aims to: 1. Support the Central Bank of DRC to update the current leasing regulation and develop the supervision framework (regulatory level); 2. Attract additional players into the local market, and by doing so support at least two entities to launch leasing operations, and help facilitate a minimum of US$ 1 million in lease financing to SMEs one year post-completion (market and firm levels); and 3. Provide leasing technical assistance to commercial banks and/or specialized leasing companies to enable at least an additional 50 entities to access financing through leasing (there are currently zero), 10 of which should be female-run entities, by one year post-completion (firm level). The program further expects to hand over activities to the African Leasing Federation (Africalease) and country-based national banking and/or leasing associations to build upon this success in an effort to create a vibrant and sustainable leasing industry in DRC.
No contact information provided at the time of disclosure
ACCOUNTABILITY MECHANISM OF IFC
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/