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January 12, 2021
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To support enterprises which ‘face a near impossible task of accessing capital during their early days’
Caspian Debt, a digital corporate lending services company, has partnered with Chennai-based Villgro, an incubator of early-stage social enterprises, to provide debt solutions to start-ups that aim to create a positive social or environmental impact.
Villgro’s portfolio company, Bharat Rohan, a Lucknow-based Agri-tech startup was the recipient of the first loan of ₹25 lakh. Bharat Rohan uses unique UAV/drone based hyperspectral remote sensing and artificial intelligence in precision agriculture, integrated pest management and contract farming.
“Emerging social enterprises in India face the challenge of having limited access to debt due to the lack of credit history and an existing negative feedback nexus between credit history and access to debt. Through this partnership with Villgro, we will provide the first set of debts by the end of Q3 2021.
Caspian Debt signs MoU with Water.org
December 18, 2020
Viswanatha Prasad, Managing Director- Caspian Debt.×
To deploy $10 million in water, sanitation sector
Caspian Debt has signed a memorandum of understanding with Water.org to promote the growth and development of the Water Sanitation and Hygiene (WASH) ecosystem.
Caspian Debt intends to deploy $10 million by 2028 for the WASH sector as the sector is currently underfunded and has immense potential for impact. The agreement increases the availability of funding for micro, small and medium enterprises (MSME) in the WASH sector.
With the support of Water.org, Caspian Debt plans to expand their funding pipeline of MSMEs/MFIs in the water and sanitation. Water.org will facilitate collaboration between Caspian Debt and banks, financial institutions, and multilateral agencies to access blended financing sources.