Debt

Debt financing

Satya MicroCapital raises Rs.53-Cr in ECB from German co-operative bank

Economic Times  

Microfinance company Satya MicroCapital has raised about INR 53 crore in external commercial borrowing from a German co-operative bank, Bank Im Bistum Essen eg (BIB), which focuses on sustainable development. The deal was arranged by Northern Arc. Founded in 2016, Satya has over INR 5,000 crore of assets under management and footprints across 22 states with more than 500 branches.