Radana Finance

completed

The project consists of providing, PT. Radana Bhaskara Finance Tbk (“Radana” or “Company”), a 5 year (1 year grace) secured senior loan of up to US$40 million (equivalent to around IDR 530 billion) in either Indonesian Rupiah (IDR) or US Dollars. The security is expected to be a pledge over specific eligible receivables providing 100% coverage. IFC shall participate with up to US$20 million while the balance is being mobilized through a parallel or B loan.  The loan will support Radana to diversify from motorcycle financing to multipurpose, working capital and investment financing for productive purposes to low and middle income clients, including micro, small and medium enterprises (“MSME”). The proceeds will finance i) micro, small and medium enterprises; ii) individuals utilizing the loans for productive purposes; iii) home renovations; iv) student-loans and (v) women borrowers.  Radana, established in 1972, is a listed multi-finance company in Indonesia. The major business currently is motorcycle financing. The Company has a view to grow in the multi-purpose, investment and working capital financing areas through both conventional and Islamic finance.