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Greater Pacific acquires 14% in Muthoot Microfin

This is the PE's maiden equity investment in India’s microfinance space, which has bounced back with healthy loan disbursement and loan recovery from the field after seeing severe stress in the June quarter during the peak of the second wave of the pandemic. London-based private equity fund Greater Pacific Capital [...]
December 23, 2021

Greater Pacific Capital invests $50 million in Muthoot Microfin

With this funding, Muthoot Microfin will look to double its asset under management to ₹10,000 crore in three years Muthoot Microfin Ltd (MML), the microfinance business of the Muthoot Pappachan Group, has received $50 million from private equity firm Greater Pacific Capital. Currently, MML has 850 branches across 16 States, [...]
December 23, 2021

Muthoot Microfin raises Rs 375 cr from Greater Pacific Capital

The company, a part of the Kerala-based Muthoot Pappachan Group, claimed that this is the largest funding for any microfinance entity since 2019 and that the capital will help it become one of the largest microfinancers in the country in two-three years. Muthoot Microfin on Monday said it has secured [...]
December 23, 2021

How MFIs can contribute to the ESG framework

Microfinance institutions can play a major role in the society and economy by assimilating ESG framework as part of their business goals. Microfinance institutions have been playing a huge role in the financial inclusion and women empowerment movements in the rural and semi-urban sectors of India, as a key enabler [...]
November 5, 2021

How this microfinance firm is empowering women entrepreneurs in rural India with an app

With nearly 70% population living in rural parts of the country and many who migrated to urban centres too facing huge pay disparity, there is little empowerment of those hailing from the interiors of the country. Apart from the digital divide, another problem that grapples women in rural parts of [...]
November 5, 2021
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