News
30 May 2025

South African SMEs get IFC, FirstRand Bank funding

In:
Other
Region:
Middle East & Africa

IFC has set up a risk-sharing facility with FirstRand Bank that will cover half of the credit risk for a portfolio of up to ZAR1.8 billion ($99 million) of loans to South African SMEs.The bank will be able to expand lending to more SMEs, including businesses owned by women and those engaged in...

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