The International Finance Corporation (IFC), a part of the World Bank Group, has proposed to invest up to $100 million in Indian non-bank financial company Hero FinCorp Limited (HFCL) to help the latter expand its presence in the two-wheeler financing sector.
HFCL is predominantly engaged in the business of providing two-wheeler loans and micro, small and medium enterprises (MSME) loans to clients in low-income states of India.
