Dvara KGFS, a non-deposit NBFC, has raised € 8 million in external commercial borrowings from Invest in Vision, Germany (IIV) and Darlenkesse Munster, Luxembourg (DKM).
The company said in a statement that the company plans to deploy the proceeds to provide access to formal means of lending to its microfinance and micro-enterprise customers.
“There are a variety of small businesses that we fund in more than 9,000 deep rural villages, including retail shops, small dairies, agricultural entrepreneurs and this will help customers resume their businesses,” Kovid, CEO he said.
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