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.
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.