Page 6 - Devesh Sachdev News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Fusion Microfinance raises 10 million euro in debt from BIB SECTIONS Share Synopsis The capital will help the Delhi-based MFI to on-lend to women borrowers from low-income households, increasing their access to finance. Getty Images Northern Arc Capital facilitated the deal. KOLKATA: Fusion Microfinance has raised 10 million euro (about Rs 88 crore in local currency) in debt from Bank im Bistum Essen (BIB), a Germany-based cooperative bank. It's BIB's first ever debt funding in India as the overseas firm looks to be a part of India's microfinance story, which is facing challenges as income g...

Northern Arc raises Rs 88 crore ECB from German coop bank Finance/ Representational Image Digital debt platform Northern Arc Capital has syndicated an ECB transaction worth 10 million euros or about Rs 88 crore for Fusion Microfinance from the German cooperative bank Bank Im Bistum Essen (BIB), making it the maiden debt funding in the country for the German lender. The funding will help the Delhi-based Fusion Microfinance in furthering financial inclusion and help alleviate the economic impact of the pandemic, Northern Arc said in a statement on Monday. "With this funding, we look forward to...