CreditAccess Grameen raises $50 million debt from IFC

CreditAccess Grameen has secured a $50 million investment from IFC, bolstering confidence in the microfinance sector. This funding enables the NBFC-MFI to support 3-4 million additional women borrowers in agriculture-related activities. The investment aims to increase foreign funding and enhance competitiveness in India’s financial sector, especially focusing on underserved rural areas. CreditAccess Grameen has secured a $50 million investment from IFC, bolstering confidence in the microfinance sector. This funding enables the NBFC-MFI to support 3-4 million additional women borrowers in agriculture-related activities. The investment aims to increase foreign funding and enhance competitiveness in India’s financial sector, especially focusing on underserved rural areas.  Economic Times