Agri-finance company Samunnati has raised the greatest amount of debt—Rs 133 crore ($16 million)—from Blue Earth Capital, a global impact investing business.
This debt investment, which is Blue Earth Capital’s first, will assist Samunnati in growing its programs that enhance the lives of small farmers nationwide by focusing on climate adaptation, resilience, and mitigation strategies.
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Samunnati has already obtained loan financing of USD 5 million (Rs 41 crore) from Enabling Qapital through external commercial borrowing. It raised a total of USD 155 million (1,291 crore) in debt and equity funding during the preceding fiscal year.
At present, climate-smart finance methods account for 22% of Samunnati’s active lending portfolio.
Samunnati provides marginal, small, and medium-sized farmers, agribusinesses, and wholesalers and retailers with financial, co-financial, and non-financial solutions. Value chain financing, agri-value chains, market linkage, financial services, and non-financial services are the company’s areas of expertise.
Wang, Head of Private Credit, Blue Earth Capital said: “We are delighted to start our partnership with Samunnati to help them expand their loan book and enhance the adoption of climate-smart agricultural practices across its portfolio. We are very impressed with Samunnati’s unique high-impact social outcomes while demonstrating strong resilience throughout different market conditions,”
Anil Kumar SG, Samunnati founder and chief executive, said: “We’re grateful for the support from Blue Earth Capital… This boost will strengthen our efforts to improve the lives of smallholders through climate and sustainability projects,”
About Samunnati
Founded in 2014 by Anil Kumar SG, Samunnati is an open agri network to unlock the trillion-dollar-plus potential of Indian agriculture with smallholder farmers at the center of it. Staying true to its name, Samunnati stands for collective growth & collective prosperity for the agri ecosystem.
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