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Satya MicroCapital raises Rs 53 crore in ECB from German bank
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Satya MicroCapital raises Rs 53 crore in ECB from German bank
18 October 2024
Microfinance company Satya Micro Capital raised about Rs 53 crore in external commercial borrowing from a German cooperative bank, which focuses on sustainable development. The deal marked the bank's second investment in India, furthering its commitment to provide support for the underserved in the rural areas of the country. The Bank Im Bistum Essen eg (BIB) earlier invested in Fusion Microfinance.
Microfinance company Satya Micro Capital raised about Rs 53 crore in external commercial borrowing from a German cooperative bank, which focuses on sustainable development. The deal marked the bank's second investment in India, furthering its commitment to provide support for the underserved in the rural areas of the country. The Bank Im Bistum Essen eg (BIB) earlier invested in Fusion Microfinance.
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