by Hasnat Aslam -

MICROCAPITAL BRIEF: Pahal Raises Equity, Debt from Huruma Fund, Magallanes Impacto, Northern Arc to Expand Microfinance for Women Farmers in India

Spain-based Gawa Capital recently disbursed EUR 6 million (USD 6.5 million) from the Huruma Fund, a public-private partnership also based in Spain, to purchase a minority stake of undisclosed size in Pahal Financial Services, a microfinance institution based in the city of Ahmedabad, India. Among the goals of the investment are

by Steffi Ong -

MICROCAPITAL BRIEF: Pahal Financial Services Borrowing $3.5m from Grameen Crédit Agricole Foundation for Microfinance for Women in India

The Grameen Crédit Agricole (GCA) Foundation, whose head office is in Luxembourg, has agreed to lend EUR 3 million (USD 3.5 million) over three years to Pahal Financial Services, a microfinance institution based in Ahmedabad, India. Caroline Brandt, senior investment manager at GCA Foundation, stated that the partnership will