IFC makes debt investment in microfinance lender CreditAccess Grameen1 min read . Updated: 26 May 2022, 12:13 PM IST
- CreditAccess operates in 14 Indian states and one union territory through 1,635 branches and has a borrower base of 3.8 million women. The microlender had a gross loan portfolio of $2.2 billion and a net worth of $543 million as of March 31
NEW DELHI: International Finance Corp. (IFC), the private investment arm of the World Bank, has proposed to make a debt investment of up to $50 million (around ₹423 crore) in listed microfinance firm CreditAccess Grameen Ltd.
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