IFC proposes $100m loan to shadow bank Fullerton India Credit

IFC proposes $100m loan to shadow bank Fullerton India Credit

IFC/World Bank HQ. Photo: IFC

International Financial Corporation (IFC), a member of the World Bank Group, is extending a $100-million debt funding to Fullerton India Credit Company Ltd, an MSME-focused non-banking finance company headquartered in Mumbai.

In a disclosure, IFC said the proposed senior secured debt funding will support Fullerton India’s lending programme to MSMEs, especially in low-income states, and also to women entrepreneurs.

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