By Mars Woo
CEFC has committed the investment as part of its efforts to promote clean energy farming in the country.
Laws covering Japanese utilization of dormant account funds for social causes were enacted in December 2016 and will come into effect by mid-2018.
The twin funds are aimed at providing social enterprise initiatives in India greater access to investment capital.
IFC said, its investment in Shandong Yingcai University is expected to increase access to quality tertiary education in China
Faering Capital Evolving Fund III is focused on providing growth capital to mid-market companies in India across consumption themes.
IFC and Standard Chartered will share the risk of the portfolio on a 50-50 percent basis.
It currently invests out of a global $17.7m fund. In India, it has 17 investments and 3 exits.
The round also saw participation from existing investors Ankur Capital, Beyond Capital Fund and Ennovent.
The five-year $15-million senior loan will support SFCL’s lending to women micro, small, and medium-sized (MSME) entrepreneurs.
GEI is a producer of high-quality organic cold-pressed virgin coconut oil and coconut products on Simeulue Island.