According to the bank website, "The project involves investing up to US$15mn equity and up to US$15mn debt in Indian School Finance Company Pvt Limited (ISFC or the Company), a Non-Banking Finance Company (NBFC) that provides loans to educational institutions. ISFC caters to affordable private schools, colleges, coaching centers, education SMEs and retail loans to teachers. The project supports the growth of India’s affordable private schools which are critical to providing quality education, especially for low income families."
According to IFC, The Company’s current shareholding stands as: Gray Matters Capital & affiliates (81.9%), Caspian Advisors (3.5%), key management and employees (14.6%).
No project-specific contact information available at time of writing.
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/