"jcr:3f0c7e67-9e06-43e6-90aa-4ff1ff3c8556" (String)
Thematic Area: |
|
Duration: |
2021 |
Client: |
African Developpement Bank (AfDB) |
Region: |
Africa |
Country Coverage: |
Multiple |
The primary objective of the Africa SME Program, initiated by the African Development Bank (AfDB) in 2013 and implemented by Frankfurt School, was to strengthen the institutional capacity of African financial institutions and broaden access to finance for SMEs across Africa. Using a dedicated $150M fund for loans and guarantees and a $4M grant for technical assistance, the program targeted enhancements in risk management, compliance, and credit processes within FIs. Tailored interventions were designed for both FIs and SMEs, encapsulating credit scoring, IT improvements, and digital strategy development, all geared towards promoting sustainable growth and deepening financial inclusivity on the continent.