KBC Loan

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 The project entails a financing package of up to US$150 million in total, to PT KB Finansia Multi Finance (FMF) (an Indonesian multi finance company (MFC)) and KB J Capital Co., Ltd. (KBJ) (a consumer financing company in Thailand), which comprises (i) A loan of up to US$75 million in IDR equivalent to FMF against a corporate guarantee from KB Kookmin Card Co., Ltd. (KBC), (ii) A loan of up to US$25 million in IDR equivalent to FMF without a guarantee, and (iii) A loan of up to US$50 million in THB equivalent to KBJ against KBC’s corporate guarantee (the Project). The Project is aimed at supporting (i) FMF in expanding micro, small and medium enterprises (MSME) lending and (ii) KBJ in expanding financing for mobile devices with a focus on the less developed regions (North, Northeast and South regions in Thailand) to support digital inclusion in Thailand. The Project will strengthen the ongoing relationship between KBC and IFC in Indonesia and will demonstrate a success case of expanding the partnership into the other country after solidifying the relationship in one country. The solid partnership with KB Financial Group (KBFG) is expected to potentially generate additional high impact investments in priority countries for IFC.