The Africa Leasing Story

In the majority of African countries high interest rates and prohibitive collateral requirements prevent most micro, small and medium enterprises (MSMEs) from securing the necessary credit to acquire expensive machinery, equipment, or vehicles. Traditional banking and commercial credit are, therefore, often only available to the top end of the market. Launched in 2008, the IFC Africa Leasing Facility is a five-year, multi-country advisory services program aimed at introducing leasing as an innovative financial instrument across Sub-Saharan Africa. The facility's goal is to increase access to finance for MSMEs in a number of important sectors, including agriculture, transportation, construction, and manufacturing.

Category:

Nonprofits & Activism

Tags:

• IFC Africa Leasing Facility
• SME
• Access to Finance
• Africa
• IFC