Fullerton Loan
Sector: Government • Location: India
Source: International Finance Corporation (IFC)
The proposed project comprised a senior secured debt funding of up to $100mn to Fullerton India Credit Company Ltd (“FICCL” or the “Company”). The purpose of the proposed IFC investment is to support the Company's lending program to micro, small and medium enterprises (“MSMEs”) in India, especially in Low-Income States (“LIS”), and also to women entrepreneurs. FICCL is a diversified MSME-focused
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed project comprised a senior secured debt funding of up to $100mn to Fullerton India Credit Company Ltd (“FICCL” or the “Company”). The purpose of the proposed IFC investment is to support the Company's lending program to micro, small and medium enterprises (“MSMEs”) in India, especially in Low-Income States (“LIS”), and also to women entrepreneurs. FICCL is a diversified MSME-focused non-banking finance company (“NBFC”) headquartered in Mumbai. It has 648 branches and is present in over 58,000 thousand villages in India. As of end December 2019, FICCL’s loan portfolio stood at INR247 billion (US$3.3 billion). Gross non-performing assets (“NPA”) stood at 2.6% and net NPA at 1.4%. The Company’s annualized return on assets and return on equity stood at 3.6% and 20.2% respectively for the first three quarters of FY20. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
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Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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Article Published Date | Obfuscated Data |