Moneyboxx Finance has secured Rs 20 crore term loan from Maanaveeya Development & Finance (Maanaveeya), an Indian subsidiary of Oikocredit, a 40-year-old Global Development Financing Institution that responds to the needs of businesses that create jobs and income for disadvantaged people. The company will utilize the funds for onward lending to the micro entrepreneurs.
Moneyboxx Finance is a Non Deposit taking Non-systemically Important Non-Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.