GIFF-INCL-Nilon's Enterprises PVT (India) (DFC-GIFFINCL)

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
B
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
Nilon’s Enterprises Pvt.
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)
$ 3.90 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 @ DFC website

Updated in EWS Oct 28, 2019


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Project Description

According to bank documents, "This Project is expected to have a developmental impact through supporting the working capital of a growing food processing manufacturer in India. The Project is expected to have a strong development reach effects by sourcing an estimated 70% of the company’s agricultural inputs from low-income smallholder farmers in underdeveloped districts of India. Furthermore, the Project expects to create over 450 employment opportunities for low-income individuals of which 40% are expected to be women."

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
  • Nilons Enterprises Pvt. -- Implementing Company
Contact Information

No contact information provided at the time of disclosure.