Northern Arc raises $50 mn from American development bank to scale up lending to microfinance firms

Microfinance lenders, especially the smaller ones, are facing difficulty in raising resources from banks, which have turned ultra-cautious after the Sambandh Finserve fraud where the promoter has allegedly diverted money into his family-owned entities.

from Banking/Finance-Industry-Economic Times https://ift.tt/3b6krHa