IDLC Finance
Sector: Residential • Location: Bangladesh
Source: International Finance Corporation (IFC)
The proposed project consists of senior financing to IDLC Finance Limited (IDLC or the Company). The proceeds will be utilized by IDLC for supporting affordable housing finance for purchase / construction & extension of house to individuals under low and medium income group in Bangladesh.
IDLC is the
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | pending |
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 consists of senior financing to IDLC Finance Limited (IDLC or the Company). The proceeds will be utilized by IDLC for supporting affordable housing finance for purchase / construction & extension of house to individuals under low and medium income group in Bangladesh. IDLC is the largest NBFI in Bangladesh registered with the Bangladesh Bank. The Company has a substantial SME portfolio and presence in Tier II/III cities. As of December2017, the Company held US$1.2 billion in assets and ~20% of its loan portfolio was dedicated to housing finance. The project will be supported by the Local Currency Facility of the IDA18 IFC-MIGA Private Sector Window (PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states. The Local Currency Facility will help deepen the housing market by supporting longer-term local currency lending, and will contribute to make homeownership more affordable thanks to the extension of mortgage loans maturities. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
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
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |
