PROJECT

Projects

Summary of Investment Information

Project Number

49519

Company Name

Monee (Capital) Co. Ltd. SPV

Date SPI Disclosed

Mar 26, 2025

Country

Thailand

Region

East Asia and the Pacific

Projected Board Date

Apr 28, 2025

Environmental Category

FI-3 - No Impact

Status

Pending Signing

Last Updated Date

Jun 19, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

other

Previous Events

Approved : Jun 18, 2025

Sector

other

Project Description

The proposed project entails an investment in a senior tranche of asset-backed securities (the “ABS”) to be issued by a Special Purpose Vehicle (“SPV”) to be established under the laws of Thailand (subject to regulatory approval). The senior tranche will be collateralized by a pool of receivables originated by SeaMoney (Capital) Co., Ltd. (the “Company”) under the Nano loan license regulated by the Bank of Thailand. The senior tranche will be of up to US$75 million or equivalent in local currency (“LCY”). The investment shall comprise of IFC’s own account, and mobilization. The purpose of the proposed IFC investment is to support the Company's lending program to micro borrowers and small business owners, with at least [60%] earmarked to women borrowers (the “Project”).                                                  

                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation