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AU Financiers
Summary of Proposed Investment

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors’ consideration of the proposed transaction. Its purpose is to enhance the transparency of IFC’s activities, and this document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only.

Project number 28724
India (IDA)
Sector1Finance Companies
Environmental categoryFI
Date SPI disclosedNovember 23, 2009
Projected board dateDecember 24, 2009
Date revised SPI disclosedNovember 24, 2009
Previous EventsInvested: March 31, 2010
Signed: March 24, 2010
Approved: March 18, 2010
  Overview     Sponsor/Cost/Location     Development Impact     Contacts     Attachments  

Project description
AU Financiers (India) Private Limited (AU or the Company) is a regional NBFC, operating in the low income state of Rajasthan. It primarily originates loans which are classified under priority sector and agriculture lending as per Reserve Bank of India (RBI) guidelines. These loans are primarily targeted at segments that find it challenging to access bank financing. AU originates vehicle loans, business loans against property and small loans to customers mainly in semi-urban and rural areas. AU finances loans through a combination of channel financing, securitization, bank finance and through its own funds.

AU plans to increase its presence in Rajasthan by reaching further into semi-urban and rural segments and by geographically expanding to other states. The Company will fund its growth and expansion through a mix of equity capital, bank loans and securitization assignments.

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