Indian Microfinance Institution Cashpor Receives a USD 1.16 mn Loan from HDFC Bank and a USD 111,500 Guarantee from the Grameen Foundation

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Friday, April 20, 2007

Indian Microfinance Institution Cashpor Receives a USD 1.16 mn Loan from HDFC Bank and a USD 111,500 Guarantee from the Grameen Foundation

» Posted by in Category: Asia,Deals at 12:54 pm

Cashpor, an Indian microfinance institution (MFI), received a USD 1.16 mn line of credit from HDFC Bank, also based in

India, enhanced by a USD 111,500 guarantee from the Grameen Foundation. Cashpor was established in 1997 to “identify and motivate poor women in rural areas, deliver financial services in [ ] an efficient matter,” and become financially sustainable. Cashpor reported to MIX market, the microfinance information clearinghouse, on 31 March 2006 as having a gross loan portfolio of USD 11.4 mn and USD 13.9 mn in total assets during the same time period.
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