Unreasonable Capital Fund I (DFC-2017-UNREASONABLECA)

Regions
  • Africa
  • East Asia and Pacific
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Unreasonable Capital Fund I, L.P
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 29, 2020

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Project Description

According to DFC documents:

This project involves a loan to Unreasonable Capital Fund I LP to expand their portfolio of investments in small and medium enterprises in Sub-Saharan Africa, Southeast Asia and Latin America. The Fund will provide equity or equity-like investments to early-stage SMEs in healthcare, education, energy, agriculture and financial inclusion sectors, and whose customers live on less than $2 per day. The Fund anticipates making 15 to 20 equity investments ranging from $50,000 to $2 million in size.

This project has been screened as a risk category C.

Investment Description
Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.

Contact Information

Project contacts not available at the time of disclosure.