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Northern Arc Raises Inr 40 Crore Debt From Kotak Mahindra Bank to Support Pandemic Hit MSME's and Micro-entrepreneurs

Debt facility backed by guarantees from Michael & Susan Dell Foundation and Rockefeller Foundation
Under-banked households and micro-entrepreneurs across the country with a monthly household income of less than INR 25,000, will be the key beneficiaries of the funding
Chennai, April 19, 2021: Northern Arc, one of India’s leading digital debt platforms, today announced that it has received INR 40 crore of debt financing from Kotak Mahindra Bank, one of the country’s largest private banks. The facility is backed by partial guarantees from The Michael & Susan Dell Foundation (MSDF) and The Rockefeller Foundation. The transaction is part of the covid-response package of both these impact institutions, that aims to alleviate the economic and social impact of the pandemic. ....

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[Funding alert] Northern Arc raises Rs 40 Cr debt from Kotak Mahindra Bank to help small businesses

[Funding alert] Northern Arc raises Rs 40 Cr debt from Kotak Mahindra Bank to help small businesses
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CDC Group partners with Northern Arc Capital for first pooled bond issuance

CDC Group partners with Northern Arc Capital for first pooled bond issuance
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