📋 Tender Overview
Project Number: 48929
Company Name: Supersonicz Financial Limited
Date SPI Disclosed: Jun 24, 2024
Country: Gambia, The
Region: Africa
Projected Board Date: Aug 8, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry - FIG Africa
Industry: Financial Institutions
Sector: Microfinance and Small Business - Non Commercial Banking
Additional Project Attributes: Blended Finance
Project Description
The proposed project consists of an up to 3-year unsecured senior loan of up to US$2 million equivalent in Gambian Dalasi ( GMD ) to Supersonicz Financial Limited ( Supersonicz of the MFI ) to help increase its lending capacity to Micro, Small and Medium Enterprises ( MSMEs ) including women-owned/led enterprises, informal enterprises, and low-income households in The Gambia. The financing package will comprise of up to US$1 million equivalent in GMD from IFC’s own account and mobilization from other lenders of up to US$1 million equivalent in GMD (the Project ). The Project will be processed under IFC’s MSME Finance Platform (the Platform ).
Total Project Cost and amount and nature of IFC's Investment: The financing package will comprise up to US$1 million equivalent in GMD from IFC’s own account and mobilization from other lenders of up to US$1 million equivalent in GMD for a total facility size of US$2 million.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
