“FACEM IMPACT” Financing Product
- Characteristics & Application -
Initial total budget
200 Million MDL
Funding limits for the MSMEs
Minimum Amount: 200,000 MDL
Maximum Amount: 5,000,000 MDL
Fixed interest rate for MSMEs
• 5.5 % per annum for value added activities
• 6.0 % per annum for other activities
Interest compensation mechanism for MSMEs
• 0.75% for 1 job created
• 1.50% for at least 2 jobs created
Loan maturity
Up to 10 years
MSMEs can apply for loans through the participating banks published on the official ODA website, in the section related to the “FACEM IMPACT” Financing Product.
Project Donor
German Federal Ministry for Economic Cooperation and Development (BMZ) through KfW Development Bank
Implementation Consultant
Technical Assistance
Frankfurt School of Finance and Management