Afya (AFYA) has released an update.
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Afya Limited, a top medical education provider in Brazil, has secured a loan of up to R$500 million from the International Finance Corporation (IFC) to fund its expansion through acquisitions. This loan is noteworthy as IFC’s first sustainability-linked loan in the education sector, with incentives tied to Afya’s achievement of social goals, such as providing free medical consultations and meeting education quality standards. The loan features a favorable interest rate that can reduce further if Afya meets specified social key performance indicators.
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