Original disclosure @ IFC website
Updated in EWS Feb 25, 2023
Disclosed by Bank Feb 13, 2023
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According to the IFC, the objective of this project is to build upon IFC’s first engagement with KIMS Microfinance and assist them in implementing their five-year business plan and associated operational plans.
From the company's website:
KIMS is the Somalia market leader in the provision of sharia compliant microfinance services. Since 2014 KIMS has provided $27 million to more than 27,000 micro and small-sized (MSME) clients.
KIMS has included diversification into non finance services such as financial literacy and business training that maximize the social impact of access to finance, provision to productive assets through solar home system loans and innovative use of mobile money in Somalia for managing repayment.
No project contacts available at the time of disclosure.
Financial intermediary - KIMS Microfinance:
Address (Hargeisa HQ): Burji Omaar building, Main Road, Downtown, Hargeisa, Somaliland
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