Investor Presentaiton slide image

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: 108
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