July 22

CreditAccess Grameen Raises $25 Million Debt from Swedfund

The transaction, the first ESG fundraise by CreditAccess, has an agreed-upon environmental, social, and governance action plan clause which will not only further its ESG commitments but also support Swedfund’s sustainable investment vision, the statement said.

Leading microfinance lender CreditAccess Grameen on Monday said it has raised USD 25 million (about Rs 187 crore) debt from Swedfund International, the Swedish development finance institution, through the external commercial borrowing route.

Photo courtesy of UN Women/Ryan Brown.

Source: BW Disrupt (link opens in a new window)

Finance, Investing
ESG, financial inclusion, impact investing