Original disclosure @ IFC website
Updated in EWS Jun 7, 2022
Disclosed by Bank May 18, 2022
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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.
Peo Finance Proprietary Limited
Group Financial Manager
+264 61 299 1206
PO Box 15, Windhoek, Namibia
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