Lotus Creation

completed

The proposed project is to support Bank Mayora, a small-sized SME bank with over 20 years of lending experience and with a focus in the supply chain financing area. IFC will acquire an equity stake of the Bank through newly issued common shares (the “Project”). Through this project, IFC will partner with the Bank’s controlling shareholder to roll-out an expansion plan to: (i) continue its accelerated loan growth expansion in SME and underpenetrated other segments; (ii) expand its distribution network and develop its branchless banking business, a key initiative and an integral part of its supply-chain financing business, particularly in the Food & Beverage (F&B) and retail sectors; and (iii) expand its capital base to BUKU II bank category.