Recently, Overseas Private Investment Corporation (OPIC) announced that under its loan guarantee, a financing has been mobilized to Grameen Impact. The loan has been granted with an agreement between OPIC and IndusInd Bank. The financing is said to be done through the Impact Investing Division of the Bank. Grameen Impact is a Non-Banking Financial Institution which has shareholders like Acumen and other leading investors. The loans will be financed to social enterprises in India in sectors like affordable healthcare, renewable energy, financial services and sustainable agriculture.
Source: Business Standard