Accial DFS Fund

pending

The proposed investment consists of up to US$25 million financing in the form of a senior loan from IFC’s own account, into a digital debt fund, the Accial Credit Impact Fund (“the Fund”) to be managed by Accial Capital Management LLC (the “Fund Manager” or “Accial”). The Fund is targeting to close for US$200 million, and the loan will have a 6-year tenor with principal to be repaid in the last year of investment. Finally, IFC will act as the anchor for other debt investors into the Fund.The Fund will finance impact driven financial technology companies that lend directly to micro, small and medium enterprises (“MSMEs”) and individuals across Emerging Markets and Developing Economies (“EMDEs”), with approximately 60% of capital targeting MSMEs and 40% individuals for productive purposes. In addition, at least 20% of the Fund’s use of proceeds will be directed toward women-led MSMEs and female borrowers. The focus will primarily be on Latin America, East and Central Asia regions. Accial has a solid track record of over 7 years providing debt to emerging market companies, with over US$200 million in assets under management through 2 investment funds.