Project detail - AU SMALL FINANCE BANK LIMITED

AU SMALL FINANCE BANK LIMITED

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Who is our client

Founded in 1996 in Jaipur, AU Financiers (AUF) has established a strong market position in Rajasthan, one of India’s poorest states. AUF’s core business is offering collateralized loans for commercial vehicles to clients who are typically first-time entrepreneurs located in under-banked rural and semi-urban areas. The commercial vehicles, including tractors, trucks, vans, cars and two- and three-wheeled vehicles, are used for productive purposes such as agriculture and transport.

Funding objective

The investment from FMO (and CDC and Guarntco) will be used to expand AUF’s commercial vehicle finance business. It will also go towards helping the company grow in new business segments such as lending to small- and medium-sized enterprises (SMEs) and affordable housing finance.

Why we fund this project

The facility will directly contribute to the creation of 2,000 jobs at AUF as well as thousands more through its client base of SMEs.

More investments

Date Total FMO financing
3/10/2017 INR 1700.00 MLN
Website client
http://www.aufin.in
Region
Asia
Country
India
Sector
Financial Institutions
Signing date
3/20/2013
Total FMO financing
INR 1466.67 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
B