Small and Medium Scale Enterprise Program (IFC)

This pilot program is designed to stimulate greater involvement of private, small and medium scale enterprises (SME) in GEF-eligible activities. It on-lends GEF grant funds to carefully screened financial intermediaries at long-term low interest rates. The intermediaries commit to use the funds to finance GEF-eligible small and medium scale enterprise projects, via either debt or equity investments. The Program allows the intermediaries to fund long-term loans or equity investments in relatively high-risk, experimental SME projects.