Northern Arc raises $10 mn in ECB from Calvert Impact Capital
Northern Arc raises $10 mn in ECB from Calvert Impact Capital March 11, 2021 × Northern Arc Capital, a non-banking finance company (NBFC) that provides access to debt capital for under-banked individuals and businesses, announced that it has raised $10 million in debt through external commercial borrowing (ECB) from US-based impact investor Calvert Impact Capital. The funding is Calvert Impact Capital’s largest debt investment in India so far. In a press release, Northern Arc said that it will deploy the funds towards on-lending to financial institutions as well as lending directly to reta...