Project detail - EQUITAS FINANCE LIMITED

EQUITAS FINANCE LIMITED

Status: Completed investment
Back to map

Why disclosure?

FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more

In case of questions

In case of questions, please contact us at disclosure@fmo.nl

Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

Equitas Finance is a new subsidiary of the Equitas Group focused on used vehicle finance, and started its activities in 2011. It provides financing to more than 12,000 small entrepreneurs in rural and under-banked regions.

What is our funding objective?

FMO’s funding will increase stable funding for the client and will be used to provide loans for commercial vehicles, as well as to start the loan portfolio for small- and medium-sized enterprises (SMEs).

Why do we fund this investment?

The Equitas Group is a long-term partner of FMO that has shown commitment to high quality governance and client protection. FMO happily supports the new entity of Equitas Group.

Website customer/investment
http://www.equitasmf.in
Region
Asia
Country
India
Sector
Financial Institutions
Effective date
11/18/2013
End date
5/3/2018
Total FMO financing
INR 580.00 MLN
Funding
FMO NV
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)
C