MICROCAPITAL BRIEF: Pahal Raises Equity, Debt from Huruma Fund, Magallanes Impacto, Northern Arc to Expand Microfinance for Women Farmers in India

Spain-based Gawa Capital recently disbursed EUR 6 million (USD 6.5 million) from the Huruma Fund, a public-private partnership also based in Spain, to purchase a minority stake of undisclosed size in Pahal Financial Services, a microfinance institution based in the city of Ahmedabad, India. Among the goals of the investment are