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According to the bank's website, "the proposed investment is a 5-year senior loan of up to US$100 million to Hattha Bank Plc. (HTB or the Bank), formerly Hattha Kaksekar Limited (HKL), consisting of an A Loan, for IFC’s own account, of up to US$25-50 million and a mobilization of up to US$50-75 million. IFC’s investment will be exclusively used for on-lending to women-owned micro, small and medium enterprises (WMSMEs) in Cambodia to support the growth of HTB’s WMSME portfolio (the Project), which is expected to contribute to narrowing the financing gap to WMSMEs in Cambodia. The Project is expected to be consecutively supported by the Women Entrepreneurs Opportunity Facility (WEOF) and the Women Entrepreneurs Finance Initiative (We-Fi) as described in the Blended Finance Section."
Project outcome: The Project will contribute towards narrowing the WMSME financing gap by providing additional loans to WMSMEs during the tenor of the loan. This is expected to increase economic activity and job creation in Cambodia to expedite post-crisis recovery.
Market-level outcome: IFC’s engagement with the Bank will mobilize private sector investors to support the financial sector in Cambodia and increase access to finance to the underserved WMSMEs.
Hattha Bank Plc.
Socheata IN
VP & Head of Treasury Department
(+855) 69 555 523
socheata@hatthabank.com
Sangkat Boeng Tumpun 1, Khan Mean Chey, Phnom Penh, Cambodia.
https://www.hatthabank.com
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