Indosurya RM AS (IFC-602958)

Countries
  • Indonesia
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
Active
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
Dec 7, 2017
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
Indosurya Group
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)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.12 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)
$ 0.12 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 Feb 28, 2019

Disclosed by Bank Oct 19, 2018


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Project Description

According to the bank document, the proposed project is aimed at further improving Indosurya's risk management framework by enhancing its credit underwriting practices and stress testing approach of the credit portfolio. 

Also, the project will support Indosurya Finance to sustainably expand its SME loan portfolio by improving its underwriting practices and stress testing approach in the credit portfolio. Activities implemented under this project are expected to address gaps and strengthen the FI's risk organization, practices and/or culture towards achieving greater operational sustainability.

People Affected By This Project

The project will support Indosurya Finance to sustainably expand its SME loan portfolio by improving its underwriting practices and stress testing approach in the credit portfolio. Activities implemented under this project are expected to address gaps and strengthen the FI's risk organization, practices and/or culture towards achieving greater operational sustainability.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • PT. Indosurya Inti Finance -- Implementing Company
Contact Information

*There is no further information being revealed at this stage of the project*

ACCOUNTABILITY MECHANISM OF IFC

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