CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770), India’s largest NBFC-MFI, has successfully raised a USD 100 million multi-currency syndicated social loan facility. This landmark transaction marks a pioneering moment in the Indian microfinance sector as the first-ever social loan facility qualifying as an External Commercial Borrowing (ECB) under the automatic route of the Reserve Bank of India (RBI).
The facility, denominated in Japanese Yen (JPY) and United States Dollars (USD), was secured primarily from leading banks across South Asia and the Far East. It reflects growing international investor confidence in CA Grameen’s strong ESG (Environmental, Social, and Governance) credentials and its mission-driven operations.
This is the second syndicated loan arranged by Standard Chartered Bank for CA Grameen. The bank had previously led the Company’s $200 million ECB in 2023. This new social loan strictly adheres to CA Grameen’s Social Loan Framework, aligned with the globally recognized Social Loan Principles 2023, and has been validated by Sustainalytics for its credibility and developmental impact.
Initially launched with a base size of USD 70 million in November 2024, the offering saw robust interest and was oversubscribed, closing at USD 100 million from a consortium of seven banks. Notably, the funding includes significant commitments from Japanese and Korean financial institutions.
Proceeds from the facility will be allocated to eligible social impact projects, further empowering CA Grameen’s efforts to support underserved communities and promote sustainable, inclusive growth across India.
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