Suryoday

completed

This proposed project involves a quasi-equity and senior debt investment in Suryoday Microfinance Private Limited (“Suryoday” or the “Company”) which is a micro finance institution operating as a non banking finance company primarily in Western India. The Company has a borrower base of approximately 145,000 borrowers and a gross loan portfolio in excess of INR1,200 million across 5 states. Suryoday’s customer segment includes salaried women (informal sector) working as housemaids, cooks or in small factories and self employed women working as vegetable / fruit vendors, small shop owners etc. Suryoday has been proactive in deployment of technology and is establishing itself as a customer centric institution with a commitment to responsible finance.IFC’s proposed investment will help Suryoday expand its operations by strengthening its balance sheet, providing access to diversified funding sources and meeting its regulatory capital adequacy requirements for the next 2-3 years.