Cholamandalam Investment and Finance Company, Ltd. (India) (DFC-CHOLA)

Countries
  • India
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
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
Cholamandalam Investment and Finance Company, Ltd
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)
$ 185.00 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)
$ 246.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Oct 28, 2019


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Project Description

According to bank documents, " the project will focus on vehicle loans to support the operations of SMEs, which play a crucial role in economic activity for the country.... The Project will focus on reaching clients based in rural and underbanked areas, with 100% of new loans under the Project expected to support such clients."

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

No contact information provided at the time of disclosure.