IFC proposes $20m debt investment in Philippine lender Esquire Financing

IFC/World Bank HQ. Photo: IFC

World Bank Group member International Financial Corporation (IFC) has proposed a $20-million senior loan to Esquire Financing Inc, the fourth largest non-bank financing institution in the Philippines, according to a disclosure.

IFC said the loan is expected to support the growth of Esquire’s loan portfolio and improve access to finance for small- and medium-enterprises (SMEs). Proceeds of IFC’s loan will be 100% earmarked to women-owned SMEs.

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