CreditAccess Grameen Limited (CA Grameen), India’s largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), has raised EUR 25 million from the German Investment Corporation (DEG) and INR 170 crore through a co-financing facility with Citi. This innovative long-tenor arrangement marks a significant milestone in the Indian microfinance sector.
Citi acted as the Lead Arranger and Coordinator, reinforcing CA Grameen’s strong funding profile. The collaboration highlights the potential of blended finance tools, such as co-financing, to bring together development finance and private sector resources for sustainable growth. This partnership will enhance CA Grameen’s ability to provide affordable financial services to women entrepreneurs across India, supporting their journey towards financial stability.
CA Grameen’s customer-centric model provides specialized, responsive services that help millions of women build sustainable livelihoods and achieve financial stability. In contrast to usual one-time loan models, CA Grameen has remained engaged with entrepreneurs’ changing needs through regular interactions and timely credit.
Nilesh Dalvi, Chief Financial Officer of CreditAccess Grameen, stated, “We are thrilled to reach this significant milestone, made possible by our valuable partnership with Citi and DEG. The inclusion of an esteemed institution like DEG in our lender base is a matter of great pride. The growing share of foreign borrowings plays a key role in bolstering our liquidity and Asset-Liability Management (ALM) position, diversifying geographical risk, and strengthening our financial resilience. This strategic move positions us well to navigate macroeconomic cycles, ensuring a strong foundation for sustainable growth in the coming years.”
