PROJECT

Projects

Summary of Investment Information

Project Number

41234

Company Name

INDIAN SCHOOL FINANCE COMPANY PRIVATE LIMITED

Date SPI Disclosed

Jun 18, 2019

Country

India

Region

South Asia

Projected Board Date

Jul 29, 2019

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Sector

Mortgage Services and Other

Project Description

 The project involves investing up to US$15mn equity and up to US$15mn debt in Indian School Finance Company Pvt Limited (ISFC or the Company), a Non-Banking Finance Company (NBFC) that provides loans to educational institutions.

 

ISFC caters to affordable private schools, colleges, coaching centers, education SMEs and retail loans to teachers. The project supports the growth of India’s affordable private schools which are critical to providing quality education, especially for low income families.

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation