CreditAccess Grameen Secures $100M—India’s Microfinance Revolution Begins!

Image Source: The New Indian

CreditAccess Grameen Ltd. has successfully secured a $100 million multicurrency syndicated social loan, marking a major milestone in India’s microfinance sector. The loan, part of a larger $200 million facility, is structured under the Social Loan Framework, ensuring funds are directed toward financial inclusion and social development initiatives.

Key Highlights:

Historic Transaction: This is India’s first social ECB loan in the microfinance industry, reinforcing CreditAccess Grameen’s commitment to sustainable finance.
Global Banking Support: The loan has received $160 million in commitments from 12 international banks, including Taiwanese, Middle Eastern, and Indian banks’ foreign branches.
Social Loan Framework: The facility aligns with Social Loan Principles 2023, ensuring transparent fund utilization for women entrepreneurs and rural financial inclusion.
Standard Chartered’s Role: The bank acted as the sole Mandated Lead Arranger, Bookrunner, and Social Loan Coordinator, facilitating the transaction.
Future Expansion: CreditAccess Grameen aims to scale its loan portfolio at a CAGR of 20–25%, targeting ₹50,000 crore in assets over the next five years.

With this landmark funding, CreditAccess Grameen is poised to accelerate financial inclusion, empowering millions of underserved communities across India.

Sources: Business Outreach, Free Press Journal