EQUITAS FINANCE LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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
Equitas Finance is a new subsidiary of the Equitas Group focused on used vehicle finance, and started its activities in 2011. It provides financing to more than 12,000 small entrepreneurs in rural and under-banked regions.
What is our funding objective?
FMO’s funding will increase stable funding for the client and will be used to provide loans for commercial vehicles, as well as to start the loan portfolio for small- and medium-sized enterprises (SMEs).
Why do we fund this investment?
The Equitas Group is a long-term partner of FMO that has shown commitment to high quality governance and client protection. FMO happily supports the new entity of Equitas Group.
- Website customer/investment
- http://www.equitasmf.in
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 11/18/2013
- End date
- 5/3/2018
- Total FMO financing
- INR 580.00 MLN
- Funding
- FMO NV
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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) - C