|
Corporate News
19-Oct-22
|
|
|
|
|
|
|
CreditAccess Grameen raises USD 35 million ESG-linked loan
|
From U.S. International Development Finance Corporation
|
|
|
CreditAccess Grameen has signed a Loan Agreement on 17 October 2022 at Bangalore, India, with U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution. Under the agreement, CA Grameen will borrow a
US$35 million ESG-linked loan for up to seven years through the External Commercial Borrowing (ECB) route.
The direct loan is one of the first of its kind for DFC to an NBFC-MFI in India. This reflects the increased confidence and commitment shown by international investors, financial institutions, and foreign governments in the longterm growth prospects of India's microfinance industry. The loan facility will also focus on performance targets linked to ESG principles to strengthen women's entrepreneurship and leadership.
The transaction marks the second ESG-linked loan for CA Grameen as it continues to witness rising interest from global financial institutions focused on funding ESG-compliant businesses and believers of the microfinance growth story. Over the past two decades, CA Grameen has consistently demonstrated a positive social impact through its deep rural presence by grooming and financially supporting a class of women entrepreneurs and transforming communities across multiple macroeconomic cycles.
|
|
Previous News |
CreditAccess Grameen consolidated net profit rises 88.74% in the March 2023 quarter
(
Results
-
Announcements
17-May-23
07:37
)
|
|
CreditAccess Grameen allots 1,987 equity shares under ESOP
(
Corporate News
-
21-Aug-24
14:49
)
|
|
CreditAccess Grameen's AUM cross Rs 25,000 cr
(
Corporate News
-
26-Feb-24
09:05
)
|
|
CreditAccess Grameen raises USD 35 million ESG-linked loan
(
Corporate News
-
19-Oct-22
12:09
)
|
|
CreditAccess Grameen allots 11,989 equity shares under ESOP
(
Corporate News
-
07-Jan-22
13:47
)
|
|
Creditaccess Grameen
(
Analyst Meet / AGM
-
Conference Call
23-May-24
10:47
)
|
|
CreditAccess Grameen hits record high; jumps 12% in three days
(
Hot Pursuit
-
21-Jun-23
15:20
)
|
|
CreditAccess Grameen allots 18,341 equity shares under ESOP
(
Corporate News
-
10-Mar-21
15:44
)
|
|
CreditAccess Grameen allots 42,747 equity shares under ESOP
(
Corporate News
-
15-Dec-22
12:26
)
|
|
Volumes spurt at CreditAccess Grameen Ltd counter
(
Hot Pursuit
-
30-Jun-23
14:30
)
|
|
CreditAccess Grameen allots NCDs aggregating Rs 989.58 cr
(
Corporate News
-
07-Sep-23
18:24
)
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|