PROJECT

Projects

Summary of Investment Information

Project Number

34798

Company Name

NIMBLE INTERNATIONAL

Date SPI Disclosed

Jun 16, 2014

Country

South Africa

Region

Africa

Projected Board Date

Jul 21, 2014

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Apr 5, 2017
Signed : Feb 22, 2019
Invested : Dec 6, 2019

Sector

Distressed Assets SPV

Project Description

The proposed project consists of an investment in Nimble Group (Pty) Ltd (“Nimble” or the “Company”), a servicing and investing company in the distressed assets (“DA”) market in South Africa. The project also includes an investment in a Special Purpose Vehicle (“SPV”), funded along with Nimble. The SPV will invest in the acquisition and resolution of non-performing loans in Botswana, Namibia, Ghana, and Kenya. The increase in IFC investment reflect current market conditions and opportunities in new markets.


Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation