IFC proposes $25m senior loan to Cambodian microfinance firm HKL

IFC/World Bank HQ. Photo: IFC

International Finance Corporation (IFC), a member of the World Bank Group, has proposed to invest up to $25 million in Hattha Kaksekar Limited (HKL), a microfinance institution in Cambodia, in the form of a senior loan.

The proposed loan aims to support HKL’s working capital and trade-related lending program to MSMEs in Cambodia as a result of the COVID-19 pandemic. About 30 per cent of the loan is targeted at women and women-owned businesses, IFC said in a disclosure.

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