Satin Creditcare Network Ltd, a micro-finance institution that lends mainly to women from rural and semi-urban areas, said that it had raised $9.4 million external commercial borrowing (ECB) led by Switzerland-based international impact asset manager, responsAbility Investments AG. The funds, Kataria said, will be used to grow the assets under management of the Gurugram-based lender by 35% at the end of the ongoing financial year.

(Dealstreet Asia)