GREEN AGRICULTURE VALUE CHAIN - BANK OF KIGALI

Promoteur – Intermédiaire Financier

BANK OF KIGALI PLC

Lieu

• Rwanda

Description

The operation consists of a loan to Bank of Kigali for on-lending to eligible small and medium-sized enterprises (SMEs) and mid-caps with a focus on agriculture value chain projects.

Additionality and Impact

The operation concerns financing to Bank of Kigali for on-lending to individual farmers, SMEs, Mid-Caps and cooperatives across selected agricultural value chains. As such, it will tackle the long-standing credit constraints in the agri-food sector, by improving access to credit and tailoring loan terms to the specificities of agricultural cycles.

 

The operation will support Rwanda's Covid-19 recovery efforts through interventions that restore the livelihoods, supporting business continuity and associated employment. Through its thematic themes (climate & environment and gender) the operation will help reduce negative environmental externalities (e.g. through resource efficiency and adoption of technologies for pollution abatement in air, soil and water) and climate externalities (e.g. reduction of GHG emissions though sustainable and/or organic primary crop production, animal and aquaculture production) and increase resilience of local communities, as well as contribute to gender equality.

 

The credit line will provide longer maturity borrowing than typically available in the market thus enabling Bank of Kigali to increase its outreach to the private bioeconomy and other agriculture value chain actors. The EIB will provide input in the design of the project including its alignment with Team Europe initiatives in the agriculture sector and in the observance of the Bank's environmental and social standards.

Objectifs

The aim is to enhance access to finance for the target beneficiaries.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Under Global Europe NDICI guarantee

Under EFSD+ Guarantee

Montant BEI envisagé (montant approximatif)

EUR 50 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Passation des marchés

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Statut

Signé - 14/03/2024