Akme Fintrade India Limited (DFC-AKMEFINTRADEINDIA)

Countries
  • India
Where the impacts of the investment may be experienced.
Specific Location
Rural India
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Approved
Bank Risk Rating
C
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
Akme Fintrade India Limited
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)
$ 7.80 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)
$ 8.24 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 @ DFC website

Updated in EWS Oct 28, 2019

Disclosed by Bank Jul 19, 2019


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Project Description

This OPIC loan will finance an expansion of Akme Fintrade India Limited's lending activities to micro, small, and medium enterprises in rural India.

 

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

Project contact information was not disclosed at the time of writing.