Muthoot Microfin has raised $75 million by way of external commercial borrowing for on-lending and financing of social loans. Standard Chartered Bank, Doha Bank, RakBank (National Bank of Ras Al Khaimah), Union Bank of India (UK) Ltd, and Canara Bank, GIFT City participated in the funding. The funds raised will be utilised for on-lending and financing of eligible social loans.
Muthoot Microfin is primarily engaged in providing financial assistance through micro loans to women engaged in small income generating activities.
