your password has been reset successfully, Please login again.

Microlender Margdarshak hoist Debt Funding

Blue Orchard managed Japan ASEAN Women Empowerment Fund invests Rs 20 crore in Margdarshak Financial Services Ltd as debt funding.
BY BEx Bureau
Aug 18, 2017

The amount is raised by Margdarshak via issue of non-convertible debentures with five years maturity period.

This long-term funding will enable Margdarshak to serve more poor households in the unchartered territories of the country, said Margdarshak managing director Rahul Mittra.

Margdarshak microfinance institution initiated in 2007 in Lucknow and has expanded its operational reach in Bihar, Uttrakhand, Uttar Pradesh, Haryana and Himachal Pradesh with a network of 120 branches. The companys total asset under management estimates at Rs 285 crore.

In 2001, United Nations led initiative has helped in founding the Blue Orchard, which becomes the first worldwide commercial manager of debt investments. The foundation has already invested in 350 institutions across 70 countries till date. Although, the Japan ASEAN fund majorly focuses on micro women entrepreneurs growth and provides financing opportunities for the same in Southeast Asia frontier and emerging markets.

Please add your Comment
November 20, 2018
Through this investment, BillDesk will develop new product lines for its payments and loyalty busine ...More
By Vaishnavi Gupta
November 19, 2018
Ananth Narayanan, Chief Executive Officer of Myntra, will continue to lead the team. ...More
By Vaishnavi Gupta
November 16, 2018
This acquisition will help FarEye to reinforced its growth plans to solve challenges for long-haul a ...More
By Vaishnavi Gupta
November 14, 2018
True North has acquired a 75% stake in Shree Digvijay Cement Company Ltd from Brazil-based Votoranti ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 12, 2018
With this acquisition, Mphasis will increase its end-to-end capabilities in the public cloud domain, ...More
By Vaishnavi Gupta
November 12, 2018
This acquisition will help Mumbai-listed AGC to add over $600 million in annual revenue and about 3, ...More
By Vaishnavi Gupta
November 09, 2018
The acquisition is in line with the company's strategy to boost the value for its stakeholders throu ...More
By Vaishnavi Gupta
November 03, 2018
Viithiisys, with this acquisition, will expand its product portfolio and list of clients. ...More
By Vaishnavi Gupta
November 02, 2018
Post acquisition, W12 Studios will be a part of TCS Interactive, the digital division of the IT serv ...More
By Vaishnavi Gupta
November 01, 2018
The fresh funds will be used by Turms to expand its product categories, hire tech talent and launch ...More
By Vaishnavi Gupta
October 31, 2018
The funds raised will be used by Duroflex to expand to new markets across India. ...More
By Vaishnavi Gupta