PROJECT

Projects

Summary of Investment Information

Project Number

49967

Company Name

WLB ASSET VII PTE. LTD.

Date SPI Disclosed

Jul 18, 2025

Country

Singapore

Region

East Asia and the Pacific

Projected Board Date

May 30, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jul 26, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Funds

Previous Events

Approved : Jul 3, 2025
Signed : Jul 17, 2025
Invested : Jul 24, 2025

Sector

Small Business Fund

Additional Project Attributes

Blended Finance

Project Description

The proposed project is an investment of up to US$34.5 million comprising: (i) a subscription of up to US$30 million in senior bonds to be issued by WLB VII Asset Pte. Ltd. (“WLB7”); and (ii) a mezzanine loan of up to US$4.5 million to the IIX Women’s Catalyst Fund (WCF) by Blended Finance through Canada-IFC Advancing Gender Equality, Resilience, Opportunity and Inclusion Worldwide Facility (“Canada “GROW”) (the “Project”). WLB7 will make gender-focused investments in sectors such as MSME lending, clean-energy lending, agriculture, and water and sanitation. The use of proceeds will be towards on-lending to underserved women borrowers, particularly women-owned micro and small enterprises. WCF is a de-risking facility that provides catalytic first-loss capital for the Women’s Livelihood Bond (WLB) Series. The full amount of the mezzanine loan provided to WCF will be used exclusively to support the loans under the WLB7 issuance. WLB7 and WCF will be managed by the Impact Investment Exchange (IIX or the Fund Manager), a Singapore-based investment manager that operates various platforms to support impact-oriented enterprises with social missions in sectors such as agriculture, clean technology, renewable energy, education, healthcare and microfinance.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation