Our Programs

Liberia – Investing for Business Expansion (Liberia/IBEX)

Facilitating access for small- and medium-sized enterprises (SME’s) to USAID’s Development Credit Authority.
  • Program Snapshot

  • Country: Liberia
  • Award Value: $3,574,418
  • VEGA Lead Member: International Executive Service Corps (IESC)
  • Other VEGA Members: OIC International
  • Objective: Our objective is to build the capacity of partner banks to fully utilize USAID's Development Credit Authority risk guarantee and provide technical assistance to borrowers at small- and medium-sized enterprises.
  • People Impacted: 706
  • Timeline: May 2012 – May 2016
  • Volunteers: 5
  • Local Partners:

    IB Bank EcoBank

  • Theme: Financial Services
IBEX launch 2012 2

Liberia IBEX launches in 2012

IBEX launch 2012

Liberia IBEX Chief of Party Watchen Bruce officially launches IBEX to the public.

The USAID/Liberia DCA provides a loan portfolio guarantee to two participating partner banks, IB Bank and EcoBank. USAID Liberia’s DCA risk guarantee program allows partner banks to lower their risk for lending to renewable energy and agribusiness borrowers, through a 50% risk-share of any net loss on their loans. The Liberia/IBEX program builds the capacity of partner banks to fully utilize the DCA risk guarantee and provide technical assistance support to the borrower. The program has 3 components:

  • Providing technical support and capacity building for SMEs in the agriculture, renewable energy, infrastructure, construction, general merchandise, transportation and hospitality chain sectors, with the aim of increasing use of the DCA
  • Providing technical support and capacity building for partner banks, IB Bank and EcoBank, to facilitate lending to SMEs and increase their use and management of the DCA
  • Working with the Government of Liberia and Business Development Services Providers to ensure that the public and private sector is provided with the services of IBEX once the program ends