IFC invests $29.6m in MFI Bandhan Financial
The International Finance Corp. (IFC), the investment arm of the World Bank, has acquired nearly 11% of microfinance firm Bandhan Financial Services for a reported INR1.35 billion ($29.6 million). The deal first came to light last month.
Bandhan, which focuses on loans to women in the nearby areas of West Bengal, will use the capital for business expansion, The Economic Times reported. This investment tranche would be the second for Bandhan,...
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