PROJECT

Projects

Summary of Investment Information

Project Number

46165

Company Name

WINDY HILL PTE. LTD.

Date SPI Disclosed

Dec 13, 2021

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Jan 24, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Mar 8, 2022

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Feb 14, 2022
Signed : Feb 23, 2022
Invested : Mar 4, 2022

Sector

Virtual lending, P2P, crowdfunding

Project Description

 

The proposed project consists of an equity investment by IFC of up to US$5 million in Windy Hill Pte. Limited, operating two Indonesian subsidiaries under the brand name “AwanTunai” (the “Company”). The Company is a supply chain-focused digitization platform with embedded inventory finance operating in the Fast-Moving Consumer Goods (FMCG) sector across Indonesia. AwanTunai aims to digitize underserved MSMEs through their end-to-end supply chain software solutions and provides embedded inventory financing to merchants and wholesalers on its platform. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation