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Fusion Microfinance raises 10 million euro in debt from BIB SECTIONS Share Synopsis The capital will help the Delhi-based MFI to on-lend to women borrowers from low-income households, increasing their access to finance. Getty Images Northern Arc Capital facilitated the deal. KOLKATA: Fusion Microfinance has raised 10 million euro (about Rs 88 crore in local currency) in debt from Bank im Bistum Essen (BIB), a Germany-based cooperative bank. It s BIB s first ever debt funding in India as the overseas firm looks to be a part of India s microfinance story, which is facing challenges as income generation takes a hit among the weaker section of the population amid a raging second wave of the covid pandemic.

West bengalDevesh sachdevMarkus christBank im bistum essenFusion microfinanceBistum essenParc capitalCo vidNorthern arc capitalமேற்கு பெங்கல்தேவேஷ் சச்ச்தேவ்மார்கஸ் கிறிஸ்துஇணைவு நுண்நிதிவில் மூலதனம்இணை வித்வடக்கு வில் மூலதனம்