Ananya Finance for Inclusive Growth Private Limited (“Ananya”), a Non Banking Financial Company (“NBFC”) which is in the business of providing financial support to micro finance institutions, has raised Rs 18 cr Series A equity capital from WWB ISIS Fund (“ISIS”) and IDBI Bank.
Unitus Capital advised the company on the deal.
Ananya lends to micro-finance institutions which provide loans to low income communities. Ananya extends its services to all formats of MFIs like NGOs, NBFCs, Trusts and community based organizations. The company has provided assistance of Rs 506 crore to over 130 organizations across 17 Indian states.
Vijayalakshmi Das, Managing Director and Promoter Director, Ananya, said, “With the increased equity base, we will be able to raise more debt and eventually have many fold impact on the bottom-of-the pyramid sector.”
Ananya is an NBFC promoted by IFIG, a special purpose vehicle floated by Friends of Women’s World Banking (“FWWB”). It primarily lends to MFIs and has a current client base of 68 MFIS, spread across 16 states.