Microfinance Focus, Nov. 13, 2009: ACCION International, a pioneer in global microfinance, has announced that it had invested $500,000 for a 49.5 percent equity stake in Saija Finance Private Limited, a microfinance start-up that provides financial services to micro entrepreneurs and low- and middle-income families in Bihar, one of India's most underserved regions.
The investment was made through ACCION's equity investment arm, the ACCION Gateway Fund, ...
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