IFC Supports I&M Bank (Rwanda) Plc. to grow small business access to finance

Sounds good, but: IFC doesn’t offer substantial financial support for local SME, but just advisory service for I&M Bank (Rwanda) Plc.

SMEs account for 98 percent of all businesses in Rwanda and contribute more than half of its total gross domestic product. However, small businesses struggle to access finance, leading to an estimated $1.2 billion credit gap.

Source: Development Aid



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