*Oikocredit International* has acquired 10% stake in *ESAF Microfinance and Investments Pvt. Ltd.* through its wholly owned Indian Subsidiary - *Manaveeya Holdings and Investments*.
Through this deal the capital base of ESAF Microfinance has crossed Rs 30 crores. The deal was aimed to generate capital for the company to expand its business. Earlier in June'09, it raised $2.60 Mn from *Dia Vikas Capital*. Transaction Note Oikocredit is a 30 year old global development financing institution that responds to the needs of businesses that create jobs and incomes for disadvantaged people. ESAF was founded in 1996 by Mr. K Paul Thomas. ESAF has over 2, 50,000 clients, and a cumulative disbursement of loans worth Rs 630 Cr. In addition to microloans, it also provides Micro-insurance, Health Care, Homes and Infrastructure and Retail Services for the poor. ESAF Microfinance, which has presence in 6 states in India, recently expanded its operations to the North and Central Regions. Indian MFIs has been attracting a lot of investors for the past couple of years. In 2009 alone the Indian MFI sector saw a capital inflow of Rs 1,000 Cr through 21 deals and the first three months of 2010, have already seen four deals. *SKS Microfinance* has also filed a DRHP to come out with an IPO. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
