📋 Tender Overview
Project Number
49426
Company Name
HD Saison Finance Co., Ltd.
Date SPI Disclosed
Feb 10, 2025
Country
Viet Nam
Region
East Asia and the Pacific
Projected Board Date
Mar 14, 2025
Environmental Category
FI-3
Status
Pending Approval
Last Updated Date
Department
Regional Industry - FIG Asia & Pac
Industry
Financial Institutions
Sector
Finance Companies
Project Description
The proposed investment consists of a IFC’s 3-year senior loan of up to US$50 million to HD Saison Finance Company Limited ( HDSaison or the Company ), the 4th largest retail finance company in Viet Nam. The IFC's funding will support HDSaison in providing green and productive micro loans to low-income individuals across Viet Nam. At least 50% of the funds will be specifically allocated for green sub-loans, which can be used to purchase electric two-wheel vehicles and energy-efficient consumer durables that meet IFC’s criteria. The remaining of IFC’s funding will be used to support sub-loans for two-wheel vehicles, which are essential for daily business transportation or employment.
Associated Advisory Engagement
The Project is not associated with any advisory services engagement
