Dvara KGFS wins $10 million from BlueOrchard Microfinance Fund
An NBFC operating in remote rural areas of India, Dvara Kshetriya Gramin Financials has raised debt of $10 million from BlueOrchard Microfinance Fund. The raised funding will be put toward plans for expansion and expanding the company’s efforts to empower underserved communities nationwide.
Prior to this round, the NBFC had raised $14.4 million through recorded NCDs - non-convertible debentures from Impact Investment Trade (IIX) in March this year.
Directed by LVLN Murty, Dvara KGFS concentrates on the prosperity of people and nano and micro-organizations in provincial India. It influences an omni-channel approach, offering a large number of credits and outsider items to take special care of the different financial necessities of its customers.
It has more than 400 branches across 10 states including Tamil Nadu, Uttarakhand, Uttar Pradesh, Chhattisgarh, Jharkhand, and Bihar, among others.
Dvara KGFS kept 33% development in its scale to Rs. 380.5 crore in Financial Year 2023 when compared with Rs. 285.9 crore in Financial Year 2022. According to the organization’s merged budget summaries, it likewise turned beneficial during the year with Rs. 12.6 crore benefits against the loss in Financial Year 2022. In February this year, the firm likewise outperformed Rs. 2,000 crore in AMU – Assets Under Management.
Prior to this round, the NBFC had raised $14.4 million through recorded NCDs - non-convertible debentures from Impact Investment Trade (IIX) in March this year.
Directed by LVLN Murty, Dvara KGFS concentrates on the prosperity of people and nano and micro-organizations in provincial India. It influences an omni-channel approach, offering a large number of credits and outsider items to take special care of the different financial necessities of its customers.
It has more than 400 branches across 10 states including Tamil Nadu, Uttarakhand, Uttar Pradesh, Chhattisgarh, Jharkhand, and Bihar, among others.
Dvara KGFS kept 33% development in its scale to Rs. 380.5 crore in Financial Year 2023 when compared with Rs. 285.9 crore in Financial Year 2022. According to the organization’s merged budget summaries, it likewise turned beneficial during the year with Rs. 12.6 crore benefits against the loss in Financial Year 2022. In February this year, the firm likewise outperformed Rs. 2,000 crore in AMU – Assets Under Management.
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