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IFC considers $30mln loan to boost SME lending in Mozambique

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In a Summary of Investment Information posted on the IFC’s website, the World Bank’s private sector development institution is mulling a loan package to help the Banco International de Mocambique, (BIM), to help support the expansion in the bank’s SME banking operations.  The proposed project will help improve and increase access to financing by Mozambique’s SMEs, including very small businesses and women-owned enterprises.

BIM is a Maputo-headquartered bank with 157 branches across Mozambique.  It provides services to micro, SME, corporate, individuals and low income retail clients across the country. The projected date for the ITC’s Board of Director’s to consider the project is May 1st, 2015.

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