SOFTLOGIC FINANCE PLC
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
Softlogic Finance (SLF) is a customer-oriented non-banking financial company with a strong focus on micro, small, and medium enterprises (MSMEs). SLF is part of Softlogic Holding, a young entrepreneurial group with professional management and high growth potential. The focus on the MSME sector matches FMO's own strategy.
What is our funding objective?
FMO offered SLF two loans: a senior secured loan and a subordinated convertible loan. The first loan of USD 6 million will have a 5 year tenor and 1 year grace period, while the second loan consists of USD 4 million with a convertible right. The objective of the loans is to, amongst others, enable the company to grow its overall business.
Why do we fund this investment?
The aim is to boost SLF's reputation. As the first foreign lender, FMO's presence in the lenders’ base is expected to attract other foreign institutions and thereby mobilize more capital.
- Website customer/investment
- http://www.softlogic.lk
- Region
- Asia
- Country
- Sri Lanka
- Sector
- Financial Institutions
- Effective date
- 11/29/2012
- End date
- 5/8/2018
- Total FMO financing
- USD 4.00 MLN
- Funding
- MASSIF
-
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