Original disclosure @ IFC website
Updated in EWS May 12, 2022
Disclosed by Bank Jun 7, 2021
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According to IFC website, the IFC investment is to provide short-term liquidity support to GLR in order to support/expand its lending program to Romanian small and medium enterprises, with a minimum 40% of the proceeds used to finance women and women-owned businesses that are impacted by the crisis.
According to IFC's website: By supporting its clients' capacity to sustain operations during the shock resulting from COVID-19, IFC is well positioned to support the private sector in its economic recovery process, shortening the time it will take for the most vulnerable to return to their traditional income-earning opportunities. Specifically, this project intends to provide liquidity to the Company, which will then on lend to SMEs, women customers and women owned SMEs.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Motoractive IFN SA||Client||Finance|
Motoractive IFN S.A.
Customer Service and Billing Department Manager
+40 (21) 387 87 00
5 Fabrica de Glucoza Street - Novo Parc 3, Building F - 020331 Bucharest
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