Debt financing
Microlender CreditAccess Grameen raises $35-M in ECB from US International DFC
Bangalore-based, publicly listed NBFC microfinance firm CreditAccess Grameen Ltd is to raise USD 35 million from US International Development Finance Corp (DFC), the US government's development finance institution. The ESG-linked loan for seven years through the external commercial borrowing (ECB) route will be linked to performance targets in strengthening women's entrepreneurship and leadership.
From the Venture Intelligence PE-VC Deal Database: Originally founded as Grameen Koota, CreditAccess Grameen had been bought out by CreditAccess Asia in 2017. It went public in 2018. It had raised debt funding from IFC. FMO and WaterEquity since. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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