Fullerton Masala

completed

The proposed project involves the subscription by IFC to Masala Bond (Rupee Denominated)/ Non-Convertible Debentures issued by Fullerton India Credit Company Ltd. (“FICCL”, the “Company”)/ Fullerton India Home Finance Company Limited (“FIHFC”) for on-lending to micro, small and medium enterprise (“MSME”), sectors and business permitted under applicable laws/regulations. Established in 2007, FICCL is a leading Non-Banking Finance Company registered with Reserve Bank of India. The Company has a strong focus on lending to rural and urban micro and small enterprises and also caters to mid-sized SMEs. FICCL also offers loans for affordable housing to salaried and self-employed individuals through it is fully owned subsidiary FIHFC. As of Dec 31, 2016, FICCL has total assets under management of around US$ 1.88 billion and has reached out to more than 1.6 million customers through a widespread network of 528 branches spread across 22 states & 3 union territories, reaching out to 600 towns and 48,000 villages in the country.