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[ Fri, Nov 29th 2024 ]: Bill Williamson
CreditAccess Grameen enters into co-financing arrangement with DEG and Citi
[ Fri, Nov 29th 2024 ]: Bill Williamson
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CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG and Citi

Euro 25 million (around Rs 223 crore) was raised from the German Investment Corporation DEG and Rs 170 crore from Citi in a co-financing arrangement.
CreditAccess Grameen, a microfinance institution, has secured approximately Rs 390 crore in co-financing from DEG, a German development finance institution, and Citibank. This funding is aimed at supporting micro-entrepreneurs, particularly women, in rural and semi-urban areas of India. The investment will help expand CreditAccess Grameen's reach and enhance its capacity to provide financial services to underserved communities. The partnership with DEG and Citibank not only provides capital but also aligns with the broader goal of promoting financial inclusion and sustainable development in these regions.

Read the Full The Financial Express Article at [ https://www.financialexpress.com/business/sme-creditaccess-grameen-raises-approx-rs-390-crore-in-co-financing-from-deg-and-citi-3680164/ ]