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Asirvad Microfinance funding

asirvad microfinance funding

Asirvad Microfinance, a subsidiary of Manappuram Finance has raised $15 million in a seven-year external commercial borrowing loan from the US-based WorldBusiness Capital Inc (WBC). The loan is backed by the US International Development Finance Corporation, Asirvad Microfinance said in a statement. Proceeds from the loan, availed under the external commercial borrowing (ECB) norms, will […]

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Satin Creditcare funding

Gurugram-based microfinance firm Satin Creditcare Network announced that it has raised $5 million/INR 36.9 crore in a funding round from Development Bank of Austria/Oesterreichische Entwicklungsbank AG/ OeEB, in debt. The company plans to utilize this loan to strengthen its financial structure and support clients get through the pandemic. The loan comes after the IL&FS crisis […]

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