Affirma backs India's Belstar Microfinance
Affirma Capital has contributed INR3 billion ($40.8 million) to a INR3.5 billion funding round for India’s Belstar Microfinance, supported by existing investors Muthoot Finance and Maj Invest.
Incorporated in 1988 and registered as a non-banking finance company (NBFC) in 2001, Belstar was acquired by non-profit Hand in Hand India (HIH) in 2008 as a microfinance institution (MFI). It was tasked...
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