
IFC may take 20% of microfinance firm Ananya
Indian microfinance firm Ananya Finance For Inclusive Growth is looking to raise $32 million in an effort to grow its operations, and may receive nearly 30% of that target from the World Bank’s International Financial Corporation (IFC), according to local reports.
Ananya, which lends capital to smaller microfinance institutions, may reportedly receive $10 million worth of funding from IFC, which would entitle it to a 20% stake in Ananya, a stake apparently valued...
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