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OnePuhunan Loan

Sector: Raw Materials • Location: Philippines

Source: International Finance Corporation (IFC)

Project
Pending

The proposed investment is a US$-denominated 3-year senior loan of up to US$60 million to CreditAccess Philippines Financing Company Inc., operating as OnePuhunan (1P or the Company), a microfinance institution (MFI) in the Philippines. The proposed investment comprises: (i) an A Loan of up to US$20 million; and (ii) a mobilization of up to US$40 million, in the form of B1 Loan and/or Parallel Loa

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Project Information

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The project “OnePuhunan Loan” is an infrastructure initiative in the Raw Materials sector, located in Philippines. 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

Original status

pending

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

The proposed investment is a US$-denominated 3-year senior loan of up to US$60 million to CreditAccess Philippines Financing Company Inc., operating as OnePuhunan (1P or the Company), a microfinance institution (MFI) in the Philippines. The proposed investment comprises: (i) an A Loan of up to US$20 million; and (ii) a mobilization of up to US$40 million, in the form of B1 Loan and/or Parallel Loan. The proceeds from IFC’s investment will be exclusively used for on-lending to women-owned/led microentrepreneurs in the rural areas in the Philippines (the Project).

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

Region

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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