According to the IFC website, the project consists of senior financing to IDLC Finance Limited. The investment will be utilized by IDLC for supporting affordable housing finance for purchase/construction & extension of house to individuals under low and medium income group in Bangladesh.
The objectives of the proposed project are:
1. Creating a new asset class and improving access to finance: A commercially viable affordable housing finance product can open up a new frontier segment for financial institutions contributing to the financial sector development and improving access to finance especially in the lower income segments.
2. Job creation: By supporting the expansion of housing finance this project will also contribute to job creation in Bangladesh.
IDLC Finance Limited engages in investment banking, discretionary portfolio management, and margin lending activities in Bangladesh. It offers small and medium enterprise (SME) finance products, such as SME loans/leases, seasonal and women entrepreneur loans, SME Shachal loans and revolving short term loans etc.
For inquiries about the project
IDLC Finance Limited
Mr. Mohammad Jobayer Alam
Head-Treasury & Strategic Planning
57 Gulshan Avenue, Gulshan-1
For inquiries and comments about IFC
General IFC Inquiries
2121 Pennsylvania Avenue, NW
Washington DC 20433
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