CreditAccess Grameen Bolsters its Microfinance Impact with USD 75 Million Social Loan

CreditAccess Grameen Limited, a leading Indian microfinance institution, has secured a USD 75 million social loan from a syndicate led by HSBC. This strategic financing will support social projects and enhance the company's asset-liability management, furthering its mission of financial inclusion and community development across India.

CreditAccess Grameen Limited, India's largest Non-Banking Financial Company-Micro Finance Institution, has successfully secured a USD 75 million syndicated social loan facility. The transaction was arranged by HSBC, drawing participation from Doha Bank, State Bank (Mauritius) Ltd., Bank of China Ltd., and National Development Bank Plc.

This move enhances CA Grameen's presence in international markets, with the company raising over USD 300 million in commitments globally this fiscal year. The funds will support CA Grameen's Social Loan Framework, driving inclusive growth and resilient development across communities in line with Social Loan Principles 2023.

Chief Financial Officer Nilesh Dalvi highlighted the positive impact on their asset-liability management and liquidity, while HSBC's Lalitha A Lodaya emphasized the strong market confidence in the microfinance sector and CreditAccess Grameen's growth strategy.

(With inputs from agencies.)