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Satin Creditcare Secures USD9.4 Million Debt Financing Led by responsAbility

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.