Ujjivan ECB

completed

The proposed project envisages a senior debt investment in Ujjivan Financial Services Private Limited (“Ujjivan” or the “Company”), which is a leading Microfinance Institution (“MFI”) in India.Ujjivan is amongst the few large MFIs that focus on providing micro loans to women borrowers in urban and semi-urban areas. Its target customers include self-employed women working as vegetable or fruit vendors, small shop owners, sari sellers, tailors etc; salaried women working in garment factories, hospitals, cooks, house maids, and piece rate workers involved in incense stick rolling, tailoring etc. Ujjivan today has about 1.1 million members and a loan portfolio of about US$206 million equivalent. Ujjivan has over the years, established itself as one of the most customer centric institutions with a strong emphasis on responsible lending and good HR practices. The proposed investment would manifest IFC’s support for an existing portfolio investee and would be amongst the first few ECB transactions in the microfinance space and is particularly important as a source of long tenor funding.