In Sub-Saharan Africa, the lack of access to finance is one of the biggest constraints to the growth of smaller businesses, the jobs sector, and the economy. Leasing has proved to be a robust solution.
Since 2008, the Africa Leasing Facility program has trained more than 14,000 small-scale business owners, assisted in the passing of 16 legal, regulatory, and tax laws, and mobilized investment in five leasing projects worth nearly $27 million.
This film, produced in partnership with SECO, highlights in greater detail how these results have been achieved and how they translate into development impact.
To grow opportunities for the underserved, IFC in South Asia has concentrated on low-income, rural, and fragile regions while building infrastructure and assisting public-private-partnerships; facilitating renewable energy generation; promoting cleaner production, energy and water efficiency; supporting agriculture and sustainable forestry; creating growth opportunities for small businesses; reforming investment climate; encouraging low-income housing; and making affordable healthcare accessible. IFC's strategy in South Asia is built on three pillars:
IFC aims to promote economic inclusion at the base of the pyramid, particularly in the low income states of India *Help address climate change impacts *Encourage global and regional integration including promoting investments from South Asia into Africa
IFC believes the Private Sector Matters for Development and that sound economic growth, driven by private sector development, is crucial to poverty reduction.
Join the conversation on Twitter with #PSDmatters, a hashtag conversation for people and organizations interested in and passionate about issues related to private sector development, particularly in emerging markets.