CreditAccess Grameen signs loan agreement with US International Development Finance Corporation

CreditAccess Grameen, the country's largest NBFC-MFI in terms of loan outstanding, signed a loan agreement with the US International Development Finance Corporation (DFC), the US Government’s development finance institution.

Under the agreement, the NBFC-MFI will borrow a $35 million ESG-linked loan for up to seven years through the external commercial borrowing route.

Global financial investors are increasingly focusing on ESG (environment, social and governance)-compliant businesses.


The transaction with DFC marked the second ESG-linked loan for CreditAccess. The first one was from Swedfund International AV last year.