Capital First Limited BOW NCD

completed

The project involves IFC financing of up to INR 3.4 billion (US$50 million equivalent) to Capital First Limited (“CFL” or the “Company”), a Systemically Important Non-Deposit Accepting Non-Banking Financial Company in India. The funding will be used for financing the growth of CFL’s lending portfolio to women-owned small and medium enterprises (“WSMEs”). This investment is part of IFC’s strategic target to reach 10 million MSMEs during FY17-21. CFL serves micro, small and medium enterprises (“MSMEs”) and fast-growing emerging middle class consumers in India. It has a highly diversified loan book of INR 188.00 billion (US$2.8 billion equivalent) as of December 31, 2016, of which 91% consists of MSME and consumer financing. The Company has financed 3.5 million customers to-date in 222 locations, including low-income states, across India.