CreditAccess Grameen Limited has raised a USD 75 million syndicated social loan facility to strengthen its funding base and support inclusive financial growth across underserved communities in India. The facility qualifies as an external commercial borrowing under the automatic route of the Reserve Bank of India.
The transaction was arranged by HSBC, which acted as the sole mandated lead arranger and bookrunner. The syndicated facility also saw participation from lenders including Doha Bank, State Bank (Mauritius) Ltd., Bank of China, and National Development Bank PLC.
The fundraise further strengthens CreditAccess Grameen’s track record of accessing global capital markets. With this transaction, the company has secured more than USD 300 million in commitments from global banks, development financial institutions and impact investors during the financial year 2025–26. The company noted that over 15 per cent of its borrowing requirements this year have been met through overseas funding sources.
The proceeds from the facility will be utilised under the company’s Social Loan Framework, which aligns with the Social Loan Principles 2023. The framework emphasises transparency in the deployment of funds, clearly defined social development objectives and robust governance practices. ESG research firm Sustainalytics provided a second-party opinion validating the framework’s credibility and impact focus.
The financing will support projects that contribute to social development and financial inclusion, particularly for underserved communities where access to formal credit remains limited.
Commenting on the transaction, Nilesh Dalvi, Chief Financial Officer, CreditAccess Grameen Limited, said the offshore funding strengthens the company’s global financing reach and improves its asset–liability management and liquidity profile. He noted that foreign borrowings have increased from 9 per cent to 24 per cent of total borrowings over the past five years, while the company has continued to reduce its incremental cost of funds.
He added that maintaining strong relationships with international lenders enables the company to expand affordable credit access for microfinance customers while advancing its broader goal of financial inclusion.
Lalitha A Lodaya, Regional Director – International Mid-Market, South India, HSBC, said the strong participation from multiple global lenders reflects confidence in the resilience of the microfinance sector and the company’s growth strategy.
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