RSF Benin Tourism

The proposed project is a risk sharing facility (RSF or “the Facility”) with potentially two participating banks, namely Bank of Africa Benin SA (“BoA Benin”) and Ecobank Benin SA (“the Banks”). Under the RSF, the Banks will build, over an agreed period of time, a portfolio of eligible SME loans for a total amount of up to US$40 million. Up to a third of the maximum size of the target SME loan portfolio will be expected to relate to the tourism sector with a focus on SMEs along the value chains of hotels. IFC will cover up to 50% of losses on each participating bank’s eligible SME portfolio. IFC’s maximum exposure will be up to US$20 million