{"id":337095,"date":"2024-12-11T18:30:43","date_gmt":"2024-12-11T13:00:43","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=337095"},"modified":"2024-12-11T17:25:12","modified_gmt":"2024-12-11T11:55:12","slug":"jsa-advised-lenders-citibank-n-a-and-deg-in-relation-to-co-financing-extended-to-creditaccess-grameen-limited","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/12\/11\/jsa-advised-lenders-citibank-n-a-and-deg-in-relation-to-co-financing-extended-to-creditaccess-grameen-limited\/","title":{"rendered":"JSA advises lenders Citibank N.A. and DEG in relation to co-financing extended to CreditAccess Grameen Limited"},"content":{"rendered":"
\n

JSA<\/span> advised the lenders Citibank N.A.<\/span> (“Citi<\/span>”) and DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (“DEG<\/span>”) in relation to the co-financing extended to CreditAccess Grameen Limited (“CAG<\/span>”) by way of INR term loan facilities aggregating to INR 170,00,00,000 extended by Citi and external commercial borrowing aggregating to EUR 25,000,000 extended by DEG (collectively, “Facilities<\/span>”).<\/p>\n

The proceeds from the Facilities is proposed be utilised by CAG for providing microfinance services to women entrepreneurs predominantly in rural areas. This long-tenor co-financing arrangement is one of its kind in the Indian microfinance industry, representing a significant step in strengthening CAG’s funding profile to further its mission of providing affordable financial services to women entrepreneurs across India.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

JSA advised the lenders Citibank N.A. 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