Samunnati: Samunnati raises EUR 10 mn as debt to provide loans to SME agri-businesses & FPOs

Synopsis
Founded in 2014, Chennai-based Samunnati said in a statement it has raised EUR 10 million from FMO-Entrepreneurial Bank as well as Triodos Fair Share Fund and Triodos Micorfinance Funds, the two financial inclusion funds managed by Triodos Investment Management (Triodos IM).
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Samunnati offers customised financial, co-financial and non-financial solutions to farmer producer organizations and agricultural enterprises across the value chain.
New Delhi: Samunnati on Monday said it has raised EUR 10 million (around Rs 90 crore) in debt to provide loans to farmer producer organisations (FPOs) and SME agri businesses. Founded in 2014, Chennai-based Samunnati said in a statement it has raised EUR 10 million from FMO-Entrepreneurial Bank as well as Triodos Fair Share Fund and Triodos Micorfinance Funds, the two financial inclusion funds managed by Triodos Investment Management (Triodos IM).

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