PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

607619

Primary Business Area

Financial Institutions Group

Disclosure Date

Aug 12, 2024

Country

Thailand

Region

East Asia and the Pacific

IFC Approval Date

Jan 26, 2023

Status

Completed

Estimated Total Budget

$318,751.00
(Project budget includes all project-funded activities)

Last Updated Date

May 2, 2025

Project Estimated Start Date

Jan 1, 2023

Project Estimated End Date

Dec 31, 2024

Project Description

Siam Digital Lending (SDL) is a digital lending company that provides microloans through a digital platform that digitizes the full loan process in 15 minutes, with an aspiration to reduce it to less than 5 minutes, with sophisticated credit scoring using rich and unconventional data. The objective of this project is for IFC to collaborate with Siam Digital Lending (“SDL”), as a financial services provider and digital lender, to scale up the market of electric motorbikes in Thailand to decarbonize first and last mile transport by providing access to finance for EV purchase. The team conducted the Thailand Electric Mobility Ecosystem Development Project. The study helped IFC to - better understand the most attractive investment opportunities in the Thailand EV ecosystem value chain, - identify a pipeline of at least five projects with company sponsors, and - pinpoint any regulatory interventions needed to create a market environment conducive to the EV ecosystem.

Development Results

E&S Risks / Impacts and Mitigation