Dvara Kshetriya Gramin Financials, a Non-banking financial company, had raised $10 million in debt funding from BlueOrchard Microfinance Fund.
The Funds will be utilised by the company to advance its goals of national expansion and bolster its initiatives to grant local communities greater agency.
DVARA KGFS had previously raised $14.4 million in March of this year through listed non-convertible debentures (NCDs) from Impact Investment Exchange (IIX).
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In rural India, Dvara KGFS is committed to promoting the welfare of individuals as well as nano and microbusinesses. To meet the various financial demands of its clientele, it uses an omni-channel strategy and provides a large selection of loans and third-party products.
KGFS has more than 400 branches in ten states, including, among others, Tamil Nadu, Uttarakhand, Uttar Pradesh, Chhattisgarh, Jharkhand, and Bihar.
About DVARA KGFS
Founded in 2008 by Bindu Ananth, Dvara Kshetriya Gramin Financial Services Private Limited (Dvara KGFS) is a leading non-banking financial company (NBFC) that operates in remote rural areas of India.
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