Janalakshmi NCD

completed

The proposed project envisages a senior debt investment in Janalakshmi Financial Services Private Limited (“Janalakshmi” or the “Company”) which is a leading urban MFI headquartered in Bangalore, Karnataka with a borrower base of more than 1 million women borrowers and a loan portfolio of approximately INR14,000 million (US$223 million equivalent).Janalakshmi is amongst the largest MFIs in the country and is amongst the few MFIs that have significantly expanded their branch network and outreach post the MFI crisis (and subsequent regulatory changes) on the back of significant capital infusions.IFC’s proposed investment will help Janalakshmi in its plan to become a comprehensive financial services provider for low income households, to diversify its sources of funding and to expand the outreach of access to microfinance to borrowers who have little or no access to formal sources of financing.