AU SMALL FINANCE BANK LIMITED
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Founded in 1996 in Jaipur, AU Financiers (AUF) has established a strong market position in Rajasthan, one of India’s poorest states. AUF’s core business is offering collateralized loans for commercial vehicles to clients who are typically first-time entrepreneurs located in under-banked rural and semi-urban areas. The commercial vehicles, including tractors, trucks, vans, cars and two- and three-wheeled vehicles, are used for productive purposes such as agriculture and transport.
What is our funding objective?
The investment from FMO (and CDC and Guarntco) will be used to expand AUF’s commercial vehicle finance business. It will also go towards helping the company grow in new business segments such as lending to small- and medium-sized enterprises (SMEs) and affordable housing finance.
Why do we fund this investment?
The facility will directly contribute to the creation of 2,000 jobs at AUF as well as thousands more through its client base of SMEs.
More investments
| Date | Total FMO financing |
|---|---|
| 3/29/2021 | INR 1700.00 MLN |
- Website customer/investment
- http://www.aufin.in
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 3/20/2013
- End date
- 10/11/2018
- Total FMO financing
- INR 1466.67 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B