Satin Creditcare Secures USD9.4 Million Debt Financing Led by responsAbility
Posted On: 27 Jul 2019 | Source: Livemint | Author(s): Ridhima Saxena
Impact investment fund manager responsAbility Investments has led a USD9.4 million debt financing round for Satin Creditcare Network, an India-based microfinance institution focused on lending to women from rural and semi-urban areas. responsAbility provided the three-year senior loan with a bullet repayment schedule, in which the interest will be repaid every half-year. The funds will be used to grow Satin Creditcare’s assets under management and increase the amount of loans disbursed.