CalgroM3 (DFC-2019-CALGROM3)

Countries
  • South Africa
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
C
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
Calgro M3 Developments Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Industry and Trade
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)
$ 20.00 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)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 28.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 4, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to bank documents, the project will enable the Borrower, a real estate developer, to address the acute shortage of affordable housing in various South African cities, with construction funding that matches the longterm development cycle of Borrower’s large, environmentally friendly, mixed-income, real estate developments in South Africa.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

*Contact information not provided at the time of disclosure*