Ahmedabad-based Microfinance Institution, Pahal Financial Services Pvt Ltd recently closed a capital raise of USD 10 Mn (INR 75 Crs) through an equity round from Europe's impact investing firm, GAWA Capital (through its equity vehicle Huruma Fund) an ...
With about 190 million adults without a bank account, India has -after China- the second-largest unbanked population in the world (World Bank). The microfinance sector has become a key instrument to fight financial exclusion in the country by providi ...