According to the bank provided information, the proposed investment consists of a Pula-linked senior loan of up to US$40 million equivalent to Peo Finance Proprietary Limited (“Peo” or the “Company”). IFC’s investment will provide Peo, a new non-deposit taking NBFI based in Botswana, with funding to facilitate access to finance through digital channels to un(der)served individuals in Botswana and scale up its lending operations of micro loans for agricultural or home improvement activities.
The proposed investment involves a 5-year senior loan of up to US$40 million equivalent in Botswana Pula.
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