U GRO Capital raises $5M impact fund via ECB
U GRO Capital Ltd. raised $5M External Commercial Borrowings (ECB) led by EMF Microfinance Fund AgmvK on October 4, 2022.
- Primary
- U GRO Capital Ltd.
- Counterparty
- EMF Microfinance Fund AgmvK
- Amount
- $5M
- Structure
- External Commercial Borrowings (ECB)
- Date
- October 4, 2022
- Sub-sector
- Lending Tech (SMB)
Impact funding from EMF enables U GRO to expand MSME lending and bridge India's credit gap for underserved small businesses.
Source: indianweb2.com