CreditAccess Grameen borrows Rs 50-Cr from WaterCredit Investment Fund 3

Publicly listed microfinance lender CreditAccess Grameen has raised about INR 50 crore from WaterCredit Investment Fund 3, an initiative by a London-based NGO that aims to make household water and toilet solutions a reality worldwide. CreditAccess raised the funds in rupee-denominated bonds at 9.7% annual rate for a duration of three years.