February 7

U GRO Capital Gets Funding From responsAbility

U GRO Capital raised its first impact focused debt investment of Rs 138 crore from funds managed/advised by Switzerland based investor responsAbility.

The ECB transaction was done via an innovative social bond structure created as a result of joint efforts of the Swedish International Development Agency (SIDA), responsAbility and Danske Bank to mobilize $177.5 million of debt capital from private investors. These entities joined forces to contribute to the Sustainable Development Goals of the UN 2030 agenda and launched a social bond that bundles loans to innovate companies in capital scarce regions operating in the financial inclusion, healthcare and WASH (water, sanitation, hygiene), agriculture and climate finance sectors, and that have a measurable, positive social impact.

Photo courtesy of SuSanA Secretariat.

Source: Economic Times (link opens in a new window)

financial inclusion