CreditAccess Grameen’s $100 Million Social Loan: Key Facts
Why in the news
The country’s largest NBFC-MFI tied up a syndicated social loan, adding to external borrowing in microfinance.
Key facts
| Feature | Detail |
|---|---|
| Lenders | 7 banks, mostly South Asia and Far East |
| Arranger | Standard Chartered Bank (also led a $200 million ECB in 2023) |
| Cost | Below the firm’s average, near domestic rates |
- Goal: raise foreign borrowings to 25-30% of the total by FY28.
About the company
- Founded 1999; Bangalore; listed on NSE and BSE.
Exam angle
- Instrument: ECB.