Original disclosure @ IFC website
Updated in EWS May 8, 2019
Disclosed by Bank May 2, 2019
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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
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