FUNDINGUpdated 2 months ago

AfDB Africa SME Programme

AfDB lines of credit USD 1M to USD 10M to African financial institutions for on-lending to SMEs. Tenors up to 4 to 7 years. Maximum 50% borrower equity contribution.

English, French, Portuguese or Arabic, machine translated, with the original kept beside it.
Key Information
Organisation
African Development Bank (AfDB)
Location
Pan-Africa
Status
Open
Application Deadline
Rolling
Type
Line of Credit
Amount
USD 1,000,000 to 10,000,000
Size
large
Language
English
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Description

The African Development Bank Africa SME Programme provides lines of credit to African financial institutions for on-lending to small and medium-sized enterprises across the continent. Loan sizes range from USD 1 million to USD 10 million with tenors of 4 to 7 years. The programme requires a maximum 50% borrower equity contribution and operates through partner banks and DFIs in over 30 African countries. The facility is part of AfDBs broader strategy to address the African SME credit gap estimated at over USD 330 billion.

Eligibility Criteria

The facility is available to African financial institutions, partner banks and development finance institutions operating in more than 30 African countries, which then on-lend to SMEs; borrowers must supply no more than half the required capital themselves.

Focus Sectors

SME, Sector Agnostic, Financial Intermediaries