India: Microfinance firm, Grameen Koota raises US$ 9.8 million
Grameen Koota, otherwise known as Grameen Financial Services has raised its third round of equity, raising a total amount of US$9.8 million or INR 532 million from three firms – Incofin, Vreation Investments and MicroVentures. Read more here. This has raised hopes in the robust return of microfinance institutions in the mainstream economy – read more here.
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