- 3 views
The proposed project comprises a Tier II capital qualifying subordinated loan investment by IFC of US$10 million to I&M Bank Rwanda Limited (“IMR” or the “Bank”) to support the Bank’s lending program, including lending to small and medium size enterprises ( SMEs) and to the agri-business sector in Rwanda (the “Project”). IFC’s investment will provide IMR with the necessary Tier II capital to support its capital adequacy. In addition, the investment will also help in lengthening the maturity profile of the Bank’s funding. The IFC investment may be complemented by a capacity building component on SME value chain finance, agri-business finance, and digital financial services (“DFS”) with a particular focus on agency banking.
Status
Active
Start Date
2018
Donor
Funding Instrument
Country
Region
Thematic
Unique ID
274
Amount in USD (in million)
10.00