Monday, March 1, 2021

Northern Arc raises $50 mn from American development bank to scale up lending to microfinance firms

Microfinance lenders, especially the smaller ones, are facing difficulty in raising resources from banks, which have turned ultra-cautious after the Sambandh Finserve fraud where the promoter has allegedly diverted money into his family-owned entities.

source https://economictimes.indiatimes.com/industry/banking/finance/northern-arc-raises-50-mn-from-american-development-bank-to-scale-up-lending-to-microfinance-firms/articleshow/81275665.cms

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