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CA Grameen Secures USD 50 Million Loan from IFC to Support Women Borrowers.

Banking & Finance | Dated: 06 Feb 2025

In February 2025, CA Grameen Limited, based in Bengaluru (Karnataka), India’s largest Non-Banking Financial Company-Microfinance Institution (NBFC-MFI), secured a USD 50 million loan from the International Finance Corporation (IFC), which is based in Washington, D.C., USA, and is part of the World Bank Group.

🎯 Key Highlights:

  • - The funding will help improve financial access for small entrepreneurs and support an additional 3-4 million women borrowers, especially those involved in agriculture and related activities.

💡 Other Important Facts:

  • (i) The loan will help strengthen India’s financial sector by supporting CA Grameen’s strategy for the financial year 2027-2028, which aims to get 25%-30% of its funds from international sources while keeping borrowing costs low.
  • (ii) It will also work to include more people in agriculture and related fields into the formal economy, helping women-owned small businesses grow, particularly in rural and underserved areas.

📚 Test Your Knowledge:

Which microfinance institution recently secured a USD 50 million loan from the International Finance Corporation (IFC)?

Correct Answer: CA Grameen

🚀 Quick Recap: