Mahindra Finance further commits $225 mn to MSME financing
Mahindra & Mahindra Financial Services announced that IFC, part of the World Bank Group, has anchored an investment round of $200 million in Mahindra & Mahindra Financial Services (Mahindra Finance) to create a dedicated pool of financing for micro, small and medium enterprises (MSMEs) in low-income states. At least $100 million will be earmarked for women owned MSMEs.IFC has invested $75 million from its own account and is mobilizing another $125 million as parallel loans. The $100 million dedicated to women will be supported by blended finance from the IFC-Goldman Sachs' Women Entrepreneurs Opportunity Facility.
Mahindra Finance has further committed $225 million to this pool.
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