
Improving Economies for Stronger Communities (IESC)
2000 M Street NW
Suite 250
Washington, DC 20036
Tel: 202-589-2600
Email: iesc@iesc.org
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The program had a two-pronged approach to stimulating access to finance for small and medium enterprises, working with both lenders and borrowers to build successful and profitable loan relationships that grow the economy and create jobs.
The program continued operations, with some small modifications to ensure safety, during the 2014 Ebola virus outbreak. IESC worked with lenders and borrowers to restructure existing loans to businesses that were adversely affected by the health crisis.
Liberia’s civil war decimated its economy and banks became very risk averse. Combined with low overall financial literacy and business owners not always having the documentation necessary to apply for a loan, small business lending was almost nonexistent. Liberia Investing for Business Expansion supported economic growth in Liberia by improving the small business lending environment across seven sectors: agriculture, renewable energy, infrastructure, construction, general merchandise, transportation, and hospitality.