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Prasac Subdebt

Sector: Raw Materials • Location: Cambodia

Source: International Finance Corporation (IFC)

Project
Completed

The Project is to provide a subordinated debt of up to US$10 million to Prasac MFI Ltd. (“Prasac” or “the MFI”), a growing MFI in Cambodia, in order to support them in raising stable long-term funding to provide micro finance solutions to small businesses and individuals (over half of which are women) in Cambodia. Further, it is also to show strong engagement of IFC towards Prasac’s development fo

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The project “Prasac Subdebt” is an infrastructure initiative in the Raw Materials sector, located in Cambodia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Status

Original status

completed

Taiyo status

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Taiyo last update

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Contact

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Email

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Address

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Description

Description

The Project is to provide a subordinated debt of up to US$10 million to Prasac MFI Ltd. (“Prasac” or “the MFI”), a growing MFI in Cambodia, in order to support them in raising stable long-term funding to provide micro finance solutions to small businesses and individuals (over half of which are women) in Cambodia. Further, it is also to show strong engagement of IFC towards Prasac’s development for a potential equity investment opportunity as the timing is adequate.The proposed project consists of Tier II qualified subordinated debt up to US$10 million with maturity of up to 7 years (grace period of up to 3 years)

Original sub-sector

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Original Currency

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Original budget

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Procurement method

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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

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Article Published Date

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