IFC may invest $45M in listed NBFC to support Indian microentrepreneurs

Microfinance Focus, May 19, 2011: International Finance Corporation (IFC) is likely to make an equity investment worth USD 45 million in an Indian listed NBFC to provide increased access to finance for the micro, small and medium entrepreneurs in the country’s rural and semi-urban areas. IFC has however not disclosed the company’s name on grounds of commercial sensitivity.

The company which is planning to raise USD 100 million for meeting its growth plan has pan India operations with focus on providing asset backed financing to bottom of the pyramid section in rural and semi-urban areas in low income states.

With its investment IFC intends to help the NBFC (Non-Banking Financial Company) in setting up and expanding its low income housing finance business through a subsidiary in India. It will also assist in the company’s plan to enter select countries in South Asia and Africa with its current financing model.

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Financial support to our NBFC

Dear sir,
This is to bring in your kind notice that we are a RBI Regd. NBFC/AFC firm situated at Agra ( UP) & working since 1996. We have a network of over 7 branches spread across the Utter Pradesh & Madhya Pradesh in Agra, Mathura and Aligarh; Firozabad, Hathras, Kanpur & Gwalior. Further we are in expansion plan our Upcoming branches is Bareily, Bhopal, Alwar, Murena & Bharatpur in the near future to tap the market in ans around these areas.
For this expansion our company is seeking Secruitization empanelment for credit facility from different banks or organizations. In this connection we are forwarding the profile of our company ( In attached file) & It is requested to you kindly help us in this matter as per the schedule of NABARD.

Thanking you,

Yous truly,
Anuj Kr. Tyagi
AVP Operations
RBA Finance Pvt. Ltd.
Block - 114- F, Sanjay Place, Agra .

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