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Roam, a Kenya-based electric vehicle company has secured $24 million in equity and debt to grow its manufacturing capabilities...

Kenya’s Ed Partners Africa, a non-banking financial institution that specialises in providing loans to affordable private schools, has announced the commitment of a US$10 million loan guarantee facility from the United States’ Development Finance Corporation (DFC) to help it expand access to affordable education.

Ed Partners Africa Limited, a non-banking financial institution that specialises in providing loans to affordable private schools in Kenya

Get latest articles and stories on Business at LatestLY. Ahmedabad (Gujarat) [India], September 29: Pahal Financial Services Pvt. Ltd. (Pahal), a leading Microfinance Institution dedicated to promoting financial inclusion, is thrilled to announce its collaboration with the U.S. International Development Finance Corporation (DFC), resulting in a substantial US$12 million investment aimed at advancing financial inclusion efforts in rural and semi-urban regions of India. Business News | Pahal Fin...

Based in Ahmedabad, Pahal is registered with the Reserve Bank of India as a Non-Banking Financial Company that provides microfinance services to low-income households. It has over 300 branches with over 2,500 employees and serves over 5,00,000 active clients.

(This story has not been edited by THE WEEK and is auto-generated from a PTI

The American funding body will provide the debt at a 4.25% fixed rate for 15 years, Ummeeds founder and managing director Ashutosh Sharma said. "This DFC facility would allow us to extend longer tenure credit to the underbanked population to assist with home purchases, construction, and extension. This will also help us diversify the wagon wheel of liability while the funding is attractive from an interest rate perspective," Sharma told ET.

The American funding body will provide the debt at a 4.25% fixed rate for 15 years, Ummeeds founder and managing director Ashutosh Sharma said.

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