Archive · 10 Jun 2025
CreditAccess Grameen Secures $100M Syndicated Loan
CreditAccess Grameen, a microfinance company, has secured a $100 million loan.
This loan is a multi-currency syndicated social loan, including Japanese Yen and US Dollars.
The funds come from banks in South Asia and the Far East.
This is their second syndicated loan facility.
The loan's interest rates are competitive and lower than the company's average borrowing cost.
The company aims to increase foreign borrowings to 25-30% by FY28.
CreditAccess Grameen secured a $100 million social loan.
The loan is a multi-currency syndicated loan.
The loan comprises Japanese Yen and US Dollar currencies.
The facility was oversubscribed, upsized from $70 million.
The borrowing cost is competitive and below average.
- Who
- CreditAccess Grameen, a microfinance institution
- What
- Secured a $100 million multi-currency syndicated social loan
- When
- November 2024 (initial launch)
- Where
- India
- Why
- To fund social projects
- Company
- CreditAccess Grameen
- Loan Amount
- $100 million
- Loan Type
- Multi-currency syndicated social loan
- Currencies
- Japanese Yen and US Dollar
- Lenders
- Banks in South Asia and the Far East
- Borrowing Cost
- Highly competitive
