Kolkata-based lender Jagaran Microfin has raised Rs 22 crore through in debt financing from Swiss impact investment major BlueOrchard Finance. The funding was raised through the issuance of non-convertible debentures that were subscribed to by BlueOrchard from its Microfinance Initiative for Asia (MIFA) Debt fund. “We will use the additional funds received for furtherance of our operations so that we are able to reach more rural households by providing them with income generating loans,” Jaydeep Ghosh, chief executive of Jagaran Microfin, said in a statement.
Jagaran Microfin raises Rs 22 cr from BlueOrchard Finance through NCD issuance
Date posted: Thursday 27 February 2020