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IFC plans to invest up to Rs 135 crore in Grameen Koota

Proposed investment is in the form of senior debt via subscription to NCDs issued by the company

T E Narasimhan  |  Chennai 

IFC is planning to invest up to Rs 135 crore in Grameen Koota, a Bangalore-based microfinance company. IFC's proposed investment is in the form of senior debt via subscription to non-convertible debentures (NCD) issued by the company. The proposed investment by the World Bank's arm will help Grameen Koota diversify its sources of funding and expand the outreach of access to microfinance to borrowers who have little or no access to formal sources of financing, said IFC. This investment will promote a more balanced growth of microfinance in India. Grameen Koota's ...

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First Published: Tue, May 17 2016. 12:48 IST
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