Date: 2013 | Country: Uganda, Tanzania, other Africa | Amount in USD: 17.5 million | Client: BRAC
This mandate saw the re-structuring and re-financing of the BRAC Africa Loan Fund (BALF). This enabled the departure of a number of the original investors of BALF, which had been established in 2008, and created a successor facility, the BRAC International Loan Facility. The new facility continues to support BRAC’s operations in Tanzania and Uganda, and allows for further expansion of its activities beyond Africa to all countries of BRAC’s international operations, subject to specific eligibility criteria. Enclude has an ongoing role as servicing agent for the facility.