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IFC channels Rp 1.3t loan to Bank Danamon.
(From The Jakarta Post)
from THE JAKARTA POST -- TUESDAY, MAY 16, 2006 -- PAGE 13 The International Finance Corporation (IFC), the private sector arm of the World Bank, has lent Rp 1.3 trillion (about US$148 million) to Bank Danamon to help fund the latter's micro-financing business
The seven-year loan facility represents IFC's single biggest loan in Indonesia
"These loans will be mostly oriented by Bank Danamon toward small and medium enterprises (SME) and mass market businesses," Bank Danamon President Sebastian Paredes said Monday at a joint press conference to announce the loan
He did not state the interest rate charged on the loan …
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