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Business :
Pahal Financial Services raises USD 10 Million in equity and debt capital from Huruma Fund and Magallanes Impacto FIL (Managed and Advised by GAWA Capital Respectively)
Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt Ltd recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe's impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund) an ...
Business :
Grameen Credit Agricole Foundation grants a 3M euros loan to Pahal in favour of financial inclusion in India
With about 190 million adults without a bank account, India has -after China- the second-largest unbanked population in the world (World Bank). The microfinance sector has become a key instrument to fight financial exclusion in the country by providi ...