Latest Breaking News On - Markus christ - Page 1 : comparemela.com
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.
GermanyKolkataWest-bengalIndiaDelhiDevesh-sachdevMarkus-christBank-im-bistum-essenFusion-microfinanceBistum-essenParc-capitalAmfi