PROJECT

Projects

Summary of Investment Information

Project Number

40402

Company Name

Branch International Inc

Date SPI Disclosed

Dec 15, 2017

Country

World Region

Region

Global

Projected Board Date

Jan 17, 2018

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Sep 30, 2022

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Jan 17, 2018
Signed : Mar 8, 2018
Invested : Mar 15, 2018

Sector

Virtual lending, P2P, crowdfunding

Project Description

Branch (the “Company”) is a mobile lender providing personal unsecured microloans in Kenya, Tanzania and Nigeria. Branch uses technology to dramatically reduce the cost of delivering financial services in emerging markets. IFC is considering an equity investment in Branch, which will be used to finance the Company’s continued growth.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation