June 7

Pahal Financial Services Raises $5 Million USD From WaterEquity

Business Wire India Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. Ltd., recently raised debt capital worth 5 million US dollars from WaterEquity, a USA-based impact investment asset manager. The organization has touched the lives of more than 8 lakh individuals, a majority of them being women borrowers. Pahal has been working towards providing funding for clean water and proper sanitation facilities to marginalized communities since the last two years. The organization has developed strategies which are in line with the United Nation’s Sustainable Development Goal – 6 (Clean Water and Sanitation for all).

Photo courtesy of SuSanA Secretariat.

Source: Yahoo Finance (link opens in a new window)

Finance, Investing, WASH
impact investing