OeEB strengthens women entrepreneurs in India via micro loans
Sector: Bridge • Location: India
Source: Die Oesterreichische Entwicklungsbank AG (OeEB)
In November 2019, OeEB signed a USD 15 million bilateral credit facility with Satin Creditcare Network, one of India’s leading microfinance institutions. The funds will be used to finance income-generating and income-increasing activities of female small-scale and subsistence entrepreneurs in India. In March 2021, OeEB granted another loan of USD 5 million to help Satin Creditcare bridge liquidity
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Status
Original status | ongoing |
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Description
Description | In November 2019, OeEB signed a USD 15 million bilateral credit facility with Satin Creditcare Network, one of India’s leading microfinance institutions. The funds will be used to finance income-generating and income-increasing activities of female small-scale and subsistence entrepreneurs in India. In March 2021, OeEB granted another loan of USD 5 million to help Satin Creditcare bridge liquidity bottlenecks caused by the covid-19 pandemic. In March 2024, OeEB also concluded a further bilateral credit line of EUR 15 million. This is intended to finance micro and small loans to women from poor and low-income households. |
Original sub-sector | Obfuscated |
Original Currency | USD |
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Source reliability | High |
Data quality score | 100% |
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