GTSF-KiK

completed

This project is proposed under the Global Trade Supplier Finance program (“GTSF” or the “Program”) approved by the IFC Board on September 21, 2010 (Original Project #28723).Under GTSF, IFC provides short-term financing to suppliers (“Suppliers”) in emerging markets selling to large companies (“Buyers”) on open account terms. Under this project, IFC will provide financing to KiK Textilien und Non-Food GmbH (“KiK” or the “company”) in respect to its supply pool based in Bangladesh. The proposed project (“the Project”) within the GTSF facility is expected to be an overall amount of US$10 million to support KiK’s suppliers with short-term financing under favorite rent conditions.KiK is a textile discounter based in Bönen, Germany, founded in 1994. As of December 31 2012, KiK conducts retail in 9 countries (Germany, Austria, Slovenia, Czech Republic, Hungary, Slovakia, Croatia, Netherlands and Poland) in about 3,300 stores. The supply pool in all sourcing countries contains a volatile number of over 400 individual suppliers.