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BOP Esquire

Sector: Raw Materials • Location: Philippines

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment is a senior loan of up to US$20 million to Esquire Financing Inc. (EFI), the fourth largest non-bank financing institution in the country and a market leader in the unsecured small- and medium- enterprise (SME) loan segment. The Project is expected to support the growth of the Company’s loan portfolio and improve access to finance for SMEs during and post the COVID-19 pande

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Project Information

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The project “BOP Esquire” is an infrastructure initiative in the Raw Materials sector, located in Philippines. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

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active

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Description

Description

The proposed investment is a senior loan of up to US$20 million to Esquire Financing Inc. (EFI), the fourth largest non-bank financing institution in the country and a market leader in the unsecured small- and medium- enterprise (SME) loan segment. The Project is expected to support the growth of the Company’s loan portfolio and improve access to finance for SMEs during and post the COVID-19 pandemic. Proceeds of IFC’s loan to EFI will be 100% earmarked to women-owned SMEs (WSME). Moreover, the Project is expected to be consecutively supported by the Women Entrepreneurs Opportunity Facility (WEOF) and the Women Entrepreneurs Finance Initiative (We-Fi) as described in the Blended Finance Section.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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