CreditAccess Grameen’s board has finalized the terms of issue of Unlisted, unrated, senior secured, redeemable, transferable Non-Convertible Debentures of Rs 10,00,000 each aggregating to Rs 214 crore to Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V. (FMO) on preferential basis. The Executive, Borrowings and Investment Committee at their Meeting held on November 5, 2019, has finalized the same.
CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India. Its wide range of lending products addresses the critical needs of its customers throughout their life cycle and includes income generation, family welfare, home improvement and emergency loans.
