IFC provides $500m loan to HDFC Bank for expanding microloans to underserved women in India.
IFC provides $500 million loan to HDFC Bank for expanding microloans to underserved women in India's rural and semi-urban areas. HDFC Bank plans to use the funds to provide on-lending microloans to women's self-help groups and joint liability groups enrolled in their Sustainable Livelihoods Initiative. This loan aims to promote financial inclusion and empower women borrowers, fostering socio-economic growth.
May 17, 2024
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