Social VC Investments
Muthoot Microfin to raise $25-M from ResponsAbility via ECB route
Muthoot Microfin is in the process of raising USD 25 million in external commercial borrowing (ECB) from Switzerland-based impact investor ResponsAbility Investments AG. The effective cost of borrowing comes to 11.3%. The microfinance arm of Kerala-based Muthoot Pappachan group is exploring possibilities of tapping more funds via the ECB route.
From the Venture Intelligence PE-VC Deal Database: Between Dec 16 and Oct 22, Muthoot Microfin had raised over USD 83 M from Greater Pacific Capital and Creation Investments (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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