IFC offers $50 mn in debt funding to affordable housing financier Aavas

VCCircle | May 17, 2019 at 12:34 PM
  • International Finance Corporation plans to provide $50 million (Rs 351. crore) in debt funding to affordable housing loan provider Aavas Financiers Ltd.
  • In 2017, the institution invested $20 million (around Rs 130 crore then) in the company.
  • The institution also offered up to $100 million in debt funding to Tata Motors Finance Ltd and announced a plan to invest up to $75 million in Mahindra & Mahindra Financial Services Ltd to augment its lending to micro, small and medium enterprises.