AYE FINANCE PVT. LTD
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
Established in 2014, Aye Finance Pvt. Ltd. (Aye Finance) is a non-deposit taking NBFC with a specific focus on micro and small enterprises (MSEs) in India. Aye Finance has a cluster-based lending approach; it selects manufacturing and service clusters within a given location, assesses the specifics of the business of a cluster on which Aye Finance develops underwriting guidelines/investment criteria. Based on this approach Aye Finance is able to provide loans to customers who otherwise would be locked out of the financial system.
What is our funding objective?
This project aims to develop a comprehensive Gender Finance Trajectory to support Aye Finance to develop specific financial and non-financial products/services for female entrepreneurs and become one of the leading players in India.
Why do we fund this investment?
The project represents an opportunity to support the adoption of a more inclusive lens by a new FMO client in India. Results of this project will also help FMO to consolidate and share good practices on the strategy and financial needs of women with other clients, investees, and partners in the region.
More investments
| Date | Total FMO financing |
|---|---|
| 5/28/2024 | INR 2490.00 MLN |
| 3/15/2024 | INR 1250.00 MLN |
- Website customer/investment
- http://www.ayefin.com
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 12/18/2019
- End date
- 3/10/2022
- Total FMO financing
- EUR 0.02 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) - C