PROJECT

Projects

Summary of Investment Information

Project Number

49210

Company Name

Chola SPV I

Date SPI Disclosed

Jul 17, 2026

Country

India

Region

South Asia

Projected Board Date

Aug 17, 2026

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Jul 20, 2026

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

 

The proposed investment comprises an Indian Rupee (INR) denominated IFC own account investment of up to INR 14.25 billion (approximately US$150 million equivalent) into securitized assets of Cholamandalam Investment and Finance Company Limited (Chola, or the Company). The proceeds from IFC’s investment will be used by Chola to provide commercial vehicle finance loans to micro, small, and medium enterprises (MSMEs) including self-employed individuals and including for tractor and vehicles engaged in carrying and transporting agricultural and farming-related products.

                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation