Investor Presentaiton
tools, re-enforced with selective financial sector legal and regulatory reforms
being undertaken under Investment Climate.
Achievements So Far:
It was initially targeted at assisting the introduction of 2 New Micro-
Finance Institutions (MFIs), investment of $15m, 60,000 Clients& $40m
loans, and 1 (one) Bank Downscaled, but currently, has achieved the
following: introduction of 4 New Micro-Finance Institutions (MFIs),
investment of $24.8m, 127,000 Clients & $ 28m loans, 1Bank downscaled.
Business Development Services (BDS):
The objective of the BDS component of this project is to increase MSMEs' access
to quality business services that are both specialized and well tailored to the
specific needs of MSMEs. Targeted MSMEs are expected to improve their
performance through the application of know-how acquired through BDS
providers supported by the project
Achievements so far:
It was initially targeted at 20 grantees, 1,000 MSMEs, $ 5m grants with 75% cost
recovery, and 4 value chains. Currently, it has assisted 58grantees, 5,600 MSMEs,
$ 3m committed, 65% cost recovery, 1 completed value chain (catfish value
chain), and 3 commenced. Good impacts achieved, value chains offer great
impact potential.
.
BDS impact survey shows good impact across all 3 states new
service delivery target has been exceeded.
Strong demand for training to strengthen BDS providers- new BDS
Network formed.
Potential to increase sustainability of innovative, high quality
services - improve recovery, repeat users.
Catfish Value Chain has shown potential of providing embedded
services - contract growing.
Investment Climate (IC):
IC-Slow progress, but getting there.
i. Target: Reduce time to register business from 13 to 7 days.
Status:
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