Pahal Financial Services Pvt. Ltd. (Pahal), a leading Microfinance Institution dedicated to promoting financial inclusion, announced its collaboration with the U.S. International Development Finance Corporation (DFC), resulting in a substantial US$12 million investment aimed at advancing financial inclusion efforts in rural and semi-urban regions of India. Under the terms of the agreement, Pahal will access a…
Microfinance Institution Pahal Financial Services Pvt. Ltd. recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe’s impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund) and a debt round from GAWA Capital’s advised debt vehicle (Magallanes Impacto FIL) and Northern Arc Capital. Pahal has…
Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt. Ltd., recently raised debt capital worth 5 million US dollars from WaterEquity, a USA-based impact investment asset manager. The organization has touched the lives of more than 8 lakh individuals, a majority of them being women borrowers, according to the release. Pahal has been working towards providing funding…