Debt financing
IFC to lend $50-M to microfinance firm CreditAccess Grameen
IFC is to provide a 3-year senior loan of USD 50 million to Bengaluru-based, publicly listed NBFC microfinance company (NBFC-MFI) CreditAccess Grameen Ltd (CAGL). CAGL operates in 14 Indian states and 1 union territory through 1,635 branches and has a borrower base of 38 lakh women borrowers. On a consolidated basis, CAGL has a gross loan portfolio of USD 2.2 Billion and a net worth of USD 543 million as on March 31, 2022. CAGL's shareholders include CreditAccess India (CAI, 74%) based in Amsterdam, with 220+ shareholders including Olympus Capital Asia (15%) and Asian Development Bank (9%).
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