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Kotak Mahindra Bank: Northern Arc Capital gets Rs 40 crore from Kotak Mahindra Bank


Synopsis
The proceeds from this investment will be channeled to retail households and microentrepreneurs with a household monthly income of less than Rs 25,000, Northern Arc said.
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Over the last year, Northern Arc has raised debt from an array of global development financial institutions and impact-investors such as US International Development Finance Corporation, Asian Development Bank, Calvert Impact Capital.
KOLKATA: Non-bank lender Northern Arc Capital has received Rs 40 crore of debt from
Kotak Mahindra Bank, the company announced Monday. The facility is backed by partial guarantees from Michael & Susan Dell Foundation and 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. ....

West Bengal , Deepali Khanna , Us International Development Finance Corporation , Rockefeller Foundation , Michael Susan Dell Foundation , Asian Development Bank , Northern Arc Capital , Susan Dell Foundation , Northern Arc , Development Finance Corporation , Calvert Impact , Kotak Mahindra Bank , Michael Amp Susan Dell Foundation , மேற்கு பெங்கல் , தீபாளி கண்ணா , எங்களுக்கு சர்வதேச வளர்ச்சி நிதி நிறுவனம் , ராக்ஃபெல்லர் அடித்தளம் , மைக்கேல் சூசன் டெல் அடித்தளம் , ஆசிய வளர்ச்சி வங்கி , வடக்கு வில் மூலதனம் , சூசன் டெல் அடித்தளம் , வடக்கு வில் , வளர்ச்சி நிதி நிறுவனம் , கால்வெர்ட் தாக்கம் , கோட்டக் மஹிந்திரா வங்கி , மைக்கேல் ஆம்ப் சூசன் டெல் அடித்தளம் ,

Edtech for Bharat: How this Dell Foundation-backed startup used WhatsApp to deliver learning to 10M rural stud


Jairaj Bhattacharya dipped his toes in the education sector back in 2009. 
As a project officer at Singapore’s Nanyang Technological University, he was leading a cross-country team that was tasked with developing a
low-cost tablet ($70 apiece) tailored for
rural education in India. 
Later, they would go on to collaborate with the ‘826 Los Angeles’ Book Project to create software for
delivering learning content and pedagogy in Indian villages.
After
Jairaj realised that companies working in this segment were mostly
non-profits like Khan Academy, and others.  
Jairaj Bhattacharya, Founder and CEO, ConveGenius
“But discovery was the real issue; only free content was not enough. So, ....

A Dell Foundation Backed , Whatsapp Apis , Shashank Pandey , Ashish Gupta , Jairaj Bhattacharya , Naya Bharat , Development Impact Bonds , Susan Dell Foundation , Singapore Nanyang Technological University , Ashoka University , Khan Academy , Michael Susan Dell Foundation , Nanyang Technological University , Angele Book Project , Mexus Education , Pratham Books , Genius Tablets , Benori Ventures , Series Around , Gray Matters India , Dell Foundation Backed , Jain Windlass , Social Enteprise , Michael Amp Susan Dell Foundation , Whatsapp Chatbots , பகிரி ஆபிஸ் ,

Kinara Capital: Small business lender Kinara Capital secures $10 million from IndusInd Bank


Synopsis
The $10 million investment for onward lending to small business entrepreneurs will be deployed over five years from IndusInd Banks impact investing division with full backing from DFC, part of the US federal government.
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Kinara Capital has disbursed Rs 2,000 crore across 56,000-plus collateral-free small business loans.
BENGALURU: Bengaluru-based small business lender Kinara Capital on Monday announced securing $10 million million (Rs 74 crore) from
IndusInd Bank with a 100 per cent guaranty from the U.S. International Development Finance Corporation (DFC).
This is part of a debt and equity round of Rs 100 crore, with equity contribution coming from Kinara s existing investors Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation and Patamar Capital, the fintech non-banking financial company said in a statement. ....

West Bengal , Us International Development Finance Corporation , Indusind Bank , Michael Susan Dell Foundation , Kinara Capital , Development Finance Corporation , Gaja Capital , Susan Dell Foundation , Patamar Capital , Indusind Banks , Michael Amp Susan Dell Foundation , Gawa Capital , மேற்கு பெங்கல் , எங்களுக்கு சர்வதேச வளர்ச்சி நிதி நிறுவனம் , இந்துசின்த் வங்கி , மைக்கேல் சூசன் டெல் அடித்தளம் , கிணர மூலதனம் , வளர்ச்சி நிதி நிறுவனம் , கஜா மூலதனம் , சூசன் டெல் அடித்தளம் , படமார் மூலதனம் , இந்துசின்த் வங்கிகள் , மைக்கேல் ஆம்ப் சூசன் டெல் அடித்தளம் , காவ மூலதனம் ,