Build-to-Scale Mobile (IFC-600461)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 3, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
World Region
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 11, 2018

Disclosed by Bank Apr 6, 2017


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Project Description
According to IFC website, this project aims to increase access to financial/banking services through developing alternative delivery channels and to design products delivered through these channels. The project will support the development of innovative and sustainable e-banking solutions using alternative delivery channels such as mobile phones, EFTPOS and payment card infrastructure to initially deliver payment services at low cost to the base of the pyramid as well as micro, small, and medium enterprises, while eventually helping to increase access to banking services more broadly.
People Affected By This Project
This project aims to increase access to financial/banking services through developing alternative delivery channels and designing products delivered through these channels. The project will support institutions to develop innovative and sustainabl digital financial services using alternative delivery channels such as mobile phones, EFTPOS and payment card infrastructure tetc. o initially deliver payment services at low cost to the base of the pyramid as well as micro, small, and medium enterprises, while eventually helping to increase access to banking services more broadly.
Investment Description
  • International Finance Corporation (IFC)
Estimated Total Budget: $4,990,890.00
Contact Information
No contact information provided at the time of disclosure. 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/