by the MicroCapital Team -

MICROCAPITAL BRIEF: CRDB Bank Burundi Borrows $5m from IFC for Agricultural Microfinance, SME Lending

The Burundian affiliate of Tanzania’s CRDB Bank recently borrowed USD 5 million from the World Bank Group’s International Finance Corporation (IFC) for on-lending primarily to smaller agribusinesses in Burundi. IFC has agreed to support the loan with technical assistance on designing products that meet the needs of the target borrowers.

CRDB Bank Burundi Managing Director Fredrick Siwale said, “IFC’s financing will help us enhance the availability of long-term

by Sheen Gupta -

MICROCAPITAL BRIEF: IFC Loans $105m to CRDB Bank to Increase Funding for MSMEs – Especially Women-owned Enterprises – in Tanzania, Burundi

The World Bank Group’s International Finance Corporation (IFC) recently announced a loan equivalent to USD 100 million – half in local currency – to Tanzania-based Cooperative Rural and Development Bank (CRDB Bank) and a loan of USD 5 million to CRDB Bank Burundi. The goal of the loans to these two members of the CRDB Bank Group, whose head office is in Tanzania, is to