Loan

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 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 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 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.

African Century Limited, which markets itself as African Century Leasing (both ACL and used interchangeably) is a niche player with a focus on (M)SME clients and is the 2nd largest leasing provider in Zimbabwe. The aim is to support ACL in the change process associated with its obtaining a microfinance banking licence in February 2015.

Rand Trust Financiers (RTF) is a specialist debtor finance and debtor administration business with a 100% focus on SME's in South Africa. RTF has set out an ambitious growth strategy. Our new loan enables the company to pursue this strategy, being ensured of a more diversified and stable funder base.

African Century Limited, which markets itself as African Century Leasing (both ACL and used interchangeably) is a niche player with a focus on (M)SME clients and is the 2nd largest leasing provider in Zimbabwe. The aim is to support ACL in the change process associated with its obtaining a microfinance banking licence in February 2015.

The proceeds of the issue of the Notes will be used by ETI for general corporate purposes which will include the refinancing of a portion of ETI’s existing senior debt / maturing senior debt obligations.

African Century Limited, which markets itself as African Century Leasing (both ACL and used interchangeably) is a niche player with a focus on (M)SME clients and is the 2nd largest leasing provider in Zimbabwe. The aim is to support ACL in the change process associated with its obtaining a microfinance banking licence in February 2015.

The proceeds of the issue of the Notes will be used by ETI for general corporate purposes which will include the refinancing of a portion of ETI’s existing senior debt / maturing senior debt obligations.