Prodigy Finance Limited (DFC-2020-PRODIGYFIN)

Regions
  • World
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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.
Borrower
Prodigy Finance Limited
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • 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)
$ 0.20 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 29, 2020


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Project Description

Prodigy Finance Limited will originate, underwrite and service (i) eligible graduate school student loans for students from DFC-eligible countries to obtain graduate degrees from top universities globally and (ii) $5,000,000 of eligible student loans for students attending top coding academies globally. Those loans will be sold by Prodigy to the
borrower, a special purpose vehicle domiciled in Ireland.

This project has been screened as a risk category C.

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

Prodigy Finance Limited, a company incorporated under the laws of England and Wales.

Contact Information

Project contacts not available at the time of disclosure.