CreditAccess Grameen Secures Landmark USD 100 Million Multi-Currency Syndicated Social Loan Facility

CreditAccess Grameen Limited, the country's largest Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI), has secured a USD 100 million multi-currency syndicated social loan facility under the automatic route of the Reserve Bank of India (RBI). This is the first ECB facility of its kind in India's microfinance sector, comprising Japanese Yen (JPY) and United States Dollar (USD) currencies. The facility was initially launched for a base size of USD 70 million in November 2024 and achieved an oversubscription, resulting in commitments being upsized to USD 100 million from 7 banks. The proceeds from this facility will be directed toward eligible social projects, supporting CA Grameen’s mission of driving equitable and sustainable progress.