Press Releases

Bandhan raises Rs. 500 million of equity capital from SIDBI (Dec ’09)

December 30, 2009 Press Releases

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Bandhan Financial Services Private Limited (Bandhan), a pan-India microfinance institution headquartered in Kolkata, is pleased to announce the successful completion of its first major round of equity infusion of INR 500,000,000 (Rupees five hundred million – US$ 10.7mn approx), from Small Industries Development Bank of India (SIDBI), the principal financial institution for promotion, development and… Read more >

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Saija Raises Capital from Accion Gateway Fund (Nov ’09)

November 30, 2009 Press Releases

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Saija Finance Private Ltd (Saija), a Bihar, India-based microfinance institution, is pleased to announce the successful completion of its first round of equity infusion of USD 500,000. ACCION Gateway Fund is the sole investor and Unitus Capital acted as the financial advisor. Based in the city of Patna, state of Bihar, Saija was founded by… Read more >

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Grama Vidiyal raises over USD 4million of equity capital from Unitus Equity Fund, Amar Foundation and Microvest (Jun ’09)

June 16, 2009 Press Releases

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Tamil Nadu, India June 16, 2009: Grama Vidiyal Microfinance Private Ltd (GVMFL) is pleased to announce the successful completion of the second round of equity infusion of USD 4.25 million. GVMFL provides financial services to 400,000 microfinance clients and has a loan portfolio of over USD 40 million. The new capital will be utilized to support… Read more >

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Asomi raises equity from Incofin (Jan ’09)

January 5, 2009 Press Releases

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In the last week of December 2008, Incofin signed an agreement with Asomi, the leading microfinance institution in the state of Assam (North-Eastern India). Rural Impulse Fund acquired 25% of the capital of Asomi. The microfinance institution has 40 branches  and serves 30,000 clients. Asomi is one of the few microfinance banks reaching out to… Read more >

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