CreditAccess Grameen secures $75 million in global funding. The microfinance lender has signed agreements with HSBC, Doha Bank of Qatar, State Bank of Mauritius, Bank of China, and Sri Lanka's National Development Bank to raise external commercial borrowing. HSBC serves as the sole arranger for this social loan facility. This latest funding brings CreditAccess's total commitments from global banks and development financial institutions to over $300 million this fiscal year, demonstrating renewed investor confidence in India's microfinance sector as it recovers from prolonged asset quality challenges. The three to five year borrowing will support eligible social projects while strengthening the lender's liquidity position and asset liability management.
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