Creation Investments Leads US$10 Million Grameen Equity Financing (Asia)

Source: AltAssets

U.S.-based investment firms Creation Investments and MicroVentures, and Belgian microfinance investor Incofin have invested INR532 million (approximately US$10 million) in Indian microfinance company Grameen Financial Services. Creation Investments provided INR375 million (approximately US$6.8 million) of the invested capital, which is intended to help Grameen increase its coverage and expand its operations throughout India. Grameen provides credit and insurance to rural poor and low-income households.