Grameen Impact Investments India (DFC-2018-GRAMEENIMPACT)

Countries
  • India
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Grameen Impact India (Radaur Holdings Private Limited)
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 9.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 15, 2020


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Project Description

According to the bank's documents, "...Grameen Impact India (“GII”), a Mumbai-based Non-Banking Finance Company, is providing loans to social enterprises in India that operate in the following sectors: financial services, affordable healthcare, affordable education, agriculture and clean energy. GII primarily makes senior loans between $500,000 and $1 million to these mature and growth stage companies that have a proven social mission and are focused on improving the quality of life for low-income populations across India.

Theproposed $5 millionloan from OPIC to GIIwill enable it to leverage its existing equity base and attract other potential domestic and international investors,therebyincreasing its lending operations."

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors

The project's sponsor is Grameen Foundation USA

Contact Information

No contact information provided at time of disclosure.