Donor: Industrial Development Corporation (IDC)
Donor Countries: South Africa
Description: National development finance institution set up to promote economic growth and industrial development and offering funding for short term, medium term and long-term loans for South African companies and the rest of the continent.
Location: Sub Saharan Africa
On- or Off-Grid: Both
Geography: South Africa, and the rest of SSA
Eligibility: Security, the form and nature of which will relate to a project's specific circumstances; Compliance with international environmental standards; Shareholders are expected to make some financial contribution: the contribution of historically disadvantaged people under special circumstances may be lowered, in which case the IDC will be prepared to extend finance in excess of the owner’s contribution to the project must exhibit economic merit in terms of profitability and sustainability. The IDC does not refinance fixed assets, since our aim is to expand the industrial base.
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