How it works
From eligibility to financial close, CFBF channels concessional first-loss capital through InfraCredit's local-currency guarantee — unlocking domestic institutional finance for off-grid energy developers.
The pathway below condenses our full nine-step process into four clear phases.
Apply & Pre-qualify
Complete the readiness checklist, submit your Guarantee Request Letter, and pass InfraCredit's origination and eligibility screening.
Mandate & Credit Approval
Clear KYC, execute the Mandate Letter, and secure Board Credit Committee approval after a detailed credit assessment.
Due Diligence & Structuring
Undergo ESG, technical and legal due diligence, an Investment Committee No-Objection, and final Facility approval with co-financing terms.
Conditions & Financial Close
Satisfy all Conditions Precedent, then execute the local-currency guarantee and disburse co-financing at financial close.
Financing structure
The Facility deploys impact-focused capital to offer blended first-loss and low-interest funding to qualified off-grid energy companies. These companies gain access to Nigerian Naira debt financing from domestic capital markets, backed by InfraCredit guarantees.
The initiative aims to catalyse at least 50% of funding from domestic institutional investors — including pension funds, insurance companies, and asset managers — to expand clean energy access across Nigeria.
- Local currency (NGN) debt financing with InfraCredit guarantee
- First-loss concessional capital reduces risk for private investors
- Minimum 50% co-financing from domestic institutional sources
- Technical assistance for developers through the facility lifecycle
Facility structure
Capital flows from anchor funders through the Facility and InfraCredit's guarantee mechanism into domestic capital markets, reaching developers and ultimately the communities they serve.
Process for accessing funding
A structured nine-step pathway from initial checklist to financial close, administered by InfraCredit with Facility oversight at key milestones.
Checklist & request
Developer completes the preliminary readiness checklist and submits a formal Guarantee Request Letter to InfraCredit.
Origination check
InfraCredit conducts a preliminary assessment, confirms eligibility for facility support, and obtains internal New Business Committee (NBC) approval.
Mandate signing
InfraCredit completes Know Your Customer (KYC) verification and the Company executes the formal Mandate Letter.
Credit Committee approval
InfraCredit conducts a detailed credit assessment and obtains Board Credit Committee approval.
Due diligence
InfraCredit conducts comprehensive Environmental & Social (ESG), technical, and legal due diligence on the project.
Investment review
The Facility's Investment Committee/Adviser reviews project details and issues a formal No-Objection.
Facility approval
InfraCredit obtains final Facility Investment Approval and negotiates the co-financing agreements with the developer.
CP satisfaction
The Company satisfies all required Conditions Precedent (CPs) to closing.
Financial close
Execution of the local currency guarantee and successful co-financing disbursement.