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Microfinance Provider Sindhuja Microcredit Raises $14.5 Million From GAWA Capital, Oikocredit
Microfinance provider Sindhuja Microcredit for rural self-employed women entrepreneurs has raised $14.5 million in a Series C funding round from GAWA Capital and social impact investor Oikocredit, the company announced on Thursday. The capital will be used in funding expansion to new geographies and existing ones along with new product lines.
Registered with the Reserve Bank of India and headquartered in Noida, NBFC-MFI Sindhuja Microcredit focuses on meeting the financial and non-financial needs of the rural and semi-urban population. The company also offers business loans to traders, shopkeepers and farmers for working capital needs or for expanding their businesses.
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