CreditAccess Grameen secures $100 million multi-currency syndicated social loan facility
Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), CreditAccess Grameen Limited, has secured a $100 million multi-currency syndicated social loan facility. The company, which qualifies as an External Commercial Bank (ECB) under the automatic route of the Reserve Bank of India (RBI), will utilise the proceeds from this loan to be directed toward eligible social projects, supporting CA Grameen’s mission of driving equitable and sustainable progress. The loan comprises Japanese Yen (JPY) and United States Dollar (USD) currencies, predominantly raised from banks in South Asia and the Far East. Headquartered in Bengaluru,...