Dvara Kshetriya forays into AP, mobilises $10 mn
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Vijayawada: Dvara Kshetriya Gramin Financial Services Private Limited (Dvara KGFS), a leading rural NBFC, dedicated to fostering financial inclusion in deep rural villages across India, increased its footprint by entering Andhra Pradesh.
Dvara KGFS has also successfully raised subordinated debt of $5 million and senior secured debt of $5 million through External Commercial Borrowings (ECBs) from Triple Jump as portfolio manager of the Global Gender-Smart Fund, according to a release.
The Global Gender-Smart Fund (GGSF), co-managed by Triple Jump, is a leading gender-lens investment fund. Its strategy addresses the gender gap by equitably providing responsible and accessible financial services to traditionally underserved women as well as women-owned and women-led businesses in developing markets.
