Indian NBFC Northern Arc Capital raises $75M from FMO for microloans, MSME loans, and green loans in India.
Northern Arc Capital, an Indian NBFC, raised $75M from FMO, the Dutch development bank, through the issuance of senior secured listed Non-Convertible Debentures (NCDs). This investment takes FMO's overall exposure to Northern Arc to $125M. The funds raised will be used for retail microloans, MSME loans, and green loans to promote sustainable economic growth and financial inclusion in India.
June 25, 2024
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