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HDSaison Senior Loan

Sector: Automotive • Location: Viet Nam

Source: International Finance Corporation (IFC)

Project
Active

 The proposed investment consists of a IFC’s 3-year senior loan of up to US$50 million to HD Saison Finance Company Limited (“HDSaison” or the “Company”), the 4th largest retail finance company in Viet Nam. The IFC's funding will support HDSaison in providing green and productive micro loans to low-income individuals across Viet Nam. At least 50% of the funds will be specifically allocated for gre

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Project Information

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The project “HDSaison Senior Loan” is an infrastructure initiative in the Automotive sector, located in Viet Nam. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

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active

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Description

Description

 The proposed investment consists of a IFC’s 3-year senior loan of up to US$50 million to HD Saison Finance Company Limited (“HDSaison” or the “Company”), the 4th largest retail finance company in Viet Nam. The IFC's funding will support HDSaison in providing green and productive micro loans to low-income individuals across Viet Nam. At least 50% of the funds will be specifically allocated for green sub-loans, which can be used to purchase electric two-wheel vehicles and energy-efficient consumer durables that meet IFC’s criteria. The remaining of IFC’s funding will be used to support sub-loans for two-wheel vehicles, which are essential for daily business transportation or employment.

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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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