IFC set to invest $30 million in Indian School Finance Company

IFC is likely to provide regional and global lessons in the education financing sector

International Finance Corporation (IFC) will invest $30 million in Indian School Finance Company (ISFC), a non-banking financial company (NBFC) that provides loans to educational institutions. The investment will be by way of equity as well as debt. The investment involves pumping in up to $15 million equity and the same amount in debt. 

ISFC provides retail loans to affordable private schools, colleges, coaching centres, educational small and medium enterprises (SMEs) and teachers. The project supports the growth of India’s affordable private schools which are critical to providing quality education, especially for low-income families. Manappuram Finance last year agreed to acquire an