IFC provides $150 million long-term financing to YES Bank

Close to 70 billion people in India work for MSMEs, yet financial institutions meet only one-fourth of the financing needs of these businesses. IFC is providing a $150 million financing package to Yes Bank to help expand financial services for women-owned small businesses in low-income states. It is IFC’s first investment in South Asia focused on women. It is also the first IFC investment to receive funding through the Managed Co-Lending Portfolio Program (MCPP), a new syndications tool that became operational in November.