Bank of China provides Rp 90 billion loan to PT BFI Finance Indonesia TBK

$6.43M USD

Funder	Bank of China (BOC)
Recipient Organization	PT BFI Finance Indonesia TBK
Country	Indonesia
Start Date	Jul 05, 2012
End Date	Nov 29, 2028
Duration	5,991 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96745`

Grant Description

Bank of China provides Rp 90 billion loan to PT BFI Finance Indonesia TBK On July 5, 2012, the Bank of China Jakarta Branch signed a term loan facility agreement with PT BFI Finance Indonesia TBK - a multi-finance company in Indonesia - with a maximum credit limit of Rp 90 billion. The term of the loan is 36 months from the loan drawdown date.

The loan is secured by net investments in finance lease and consumer financing receivables. As of June 30, 2015, and December 31, 2014, the outstanding loan amounted to Rp 7,500 and Rp 22,500, respectively. The company has drawdown the entire loan.

📚 Sources & References

FINANCIAL STATEMENTS
Financial statement 2015 PT BFI FINANCE INDONESIA Tbk Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.