International Finance Corporation to invest USD $21 million in Grameen Koota
Thursday, May 11, 2017
Microfinance companies may be hit by non repayment of loans following demonetization and loan waiver rumors, but investors are keeping their faith alive.
International Finance Corporation, the investment arm of World Bank, is about to invest Rs 135 crore debt (USD $21 million) in Grameen Koota Financial Services, while Morgan Stanley expects Bharat Financial Inclusion to outperform over a one-year period.
Source: The Economic Times (link opens in a new window)