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10.07 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	10.07
Equity

* These investment figures are indicative

IFC anticipates that the Project will improve consumer access to affordable, quality household products. It is also expected to support local suppliers through the development of stronger supply chains, while generating positive impacts across the wider economy. More broadly, the proposed investment aims to enhance market competitiveness by scaling up the hard-discount retail model, raising quality standards, and reinforcing supply chains.

IFC's additionality in this Project is both financial and non-financial. Financial additionality consists of providing IFC's own-account equity to support the company's growth and meet its funding needs, which is especially relevant given the relatively limited availability of venture capital in the Philippines. IFC's proposed investment is also expected to strengthen fundraising dynamics and the capitalization table. On the non-financial side, IFC will contribute through standard setting, knowledge, innovation, and capacity building, by helping to strengthen the company's environmental and social standards.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Direct Employment (#) Operations And Maintenance	individuals		Not Available	Not Available	Not Available

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability (2012). Key E&S issues assessed include: Capacity and management system to undertake operations in accordance with PSs including procedures to screen manufacturers of private label products, locations for future retail stores and distribution centers; assurance of fair, safe, and healthy working conditions in compliance with local labor laws and IFC’s PS2 including risks such as supply chain, third party workers, freedom to associate, gender-based violence and harassment and grievance mechanism for all category of workers; resource efficiency, green-house gases emissions and waste management; life and fire safety systems at all operational buildings including warehouses/distribution centers and retail stores; and security management, stakeholder engagement and grievance mechanism.

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.