March 17

Matt Damon’s Impact Investing Fund Backs CreditAccess Grameen

By Bruhadeeswaran R

WaterEquity, an impact investing fund manager co-founded by Oscar-winning actor Matt Damon, has made a debt investment in Indian microlender CreditAccess Grameen Ltd.

CreditAccess said in a regulatory filing it will raise Rs 17 crore by allotting rupee-denominated, non-convertible bonds to Water Credit Investment Fund 1 LLC.

The fund is managed by US-based WaterEquity, which is focused on raising and deploying capital to water and sanitation enterprises throughout Asia, Africa and Latin America.

Photo courtesy of Satish Krishnamurthy.

Source: VCCircle (link opens in a new window)

financial inclusion, impact investing, microfinance, social enterprise