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Transparency Archives - MicroCapital
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Svasti Microfinance raises USD 5 Million from IIX s Women s Livelihood Bond 5, the World s First Orange Bond issuance - PRN India News
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Mumbai (Maharashtra) [India], March 6 (ANI/PRNewswire): Mumbai-based Svasti Microfinance Private Limited (Svasti) has received US$ 5 million through Non-Convertible Debentures from Singapore-based Impact Investment Exchange (IIX)'s Women's Livelihood Bond 5 (WLB5). WLB5 is the fifth issuance under IIX's Women's Livelihood Bond (WLB) Series, which is the world's first gender-lens bond compliant with International Capital Markets Association and listed on a stock exchange. Through five successful bond issuances, the WLB Series has mobilized over US$ 128 million - leading to improved livelihoods and economic resilience for more than 1.3 million women across Asia-Pacific and Africa. The proceeds of this 4-year Non-Convertible Debenture will go toward empowering women through income-generating activities and promoting sustainable livelihoods. IIX recently launched the Orange Bond Initiative, which is the world's first asset class built by and for the Global South and
[Funding alert] Svasti Microfinance raises Rs 31 Cr from existing investors
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Kolkata: Svasti Microfinance raised Rs 31 crore from India’s vaccine billionaire Adar Poonawalla and other existing investors Nordic Microfinance Initiative (NMI) and the Rajiv Dadlani Group. The lender plans to expand equity by another Rs 150 crore by the end of FY22, its senior executives told ET.
“We have reached a point of inflexion in our growth path. Our operations are fully digitized now, which would help us scale up comfortably,” chief executive Arunkumar Padmanabhan said.
He said that the company is eyeing Rs 150 crore of fresh equity in the third or fourth quarter of the next fiscal, keeping a medium term growth strategy in mind. The process of engaging investors has already begun.