First Mutual Fund Investment in Microfinance in India

A recent micro-loan securitisation, completed by IFMR Capital and Equitas Micro Finance, has enabled the first ever mutual fund investment into the Indian microfinance sector. The Rs. 480 million ($10.4 million) transaction is backed by over 55,000 micro-loans originated by Equitas Micro Finance, a Chennai-based microfinance institution with approximately 700,000 low-income clients. The transaction was structured by IFMR Capital, which operates as a financial guarantee company for sectors impacting low-income households, and which co-invested in the junior tranche of the securitisation.

Official Press Release

Press Coverage:

Reuters
CNBC
Forbes
AOL
AOL India
Fox Business
Yahoo Finance
Sify Business
Einews
PR Hub