Utkarsh Microfinance Pvt Ltd
BIO has granted a USD 5 M loan to Utkarsh Microfinance Pvt Ltd, an Indian microfinance institution.
Amount
€ 3,625,555.00
Type of investment
Debt
Development impacts
- Local economic growth
- Financial inclusion
- Gender
Beneficiary locations
Investment field
Financial Institutions
Activity
MFI
UMPL was established in September 2009 to provide financial services to the financially excluded population, and essentially provides credit to female borrower groups under the Grameen model.
In addition to its for-profit activities, the Company also contributes part of its profit to a foundation that provides development services in the field of financial literacy, technical trainings and market linkage facilities.
UMPL essentially operates in rural and peri-urban areas in the states of Uttar Pradesh and Bihar. These areas are among the poorest of India and are clearly suffering from limited availability of financial services adapted to the low-income population.
Development impacts
-
Local economic growth
Credit provision to MSMEs: Operations are essentially related to the origination and monitoring of microloans
-
Financial inclusion
Food security and rural development: MFI mostly active in rural areas; portfolio consists of livestock, trade and agriculture.
-
Gender
MFI caters primarily to women.
BIO’s USD 5m loan will also contribute to financing approximately 16,500 self-employed women.
View more of our investments in this region
Investment Companies & Funds
South Asia Growth Fund III
10,000,000.00
India, Indonesia, Philippines, Vietnam
30/06/2023
Equity
Investment Companies & Funds
SUSI Asia Energy Transition Fund
7,000,000.00
Cambodia, Indonesia, Philippines, Vietnam
25/05/2023
Equity
Investment Companies & Funds
Omnivore Agritech & Climate Sustainability Fund III
5,000,000.00
India
15/02/2023
Equity
Investment Companies & Funds
European Financing Partners S.A.
20,000,000.00
Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
21/12/2022
Debt
