Dvara KGFS Gets $7 Million In the red Funding to Fuel Provincial Development

Dvara KGFs
Preeti Bali / 1:16 pm / June 20, 2024

Dvara Kshetriya Gramin Financials (Dvara KGFS), a leading rural financial services company, announced today the successful acquisition of $7 million in debt financing through external commercial borrowings (ECBs) from Enabling Qapital. This latest capital injection comes on the heels of a $10 million debt raise from BlueOrchard Microfinance Fund secured just last month, signifying Dvara KGFS’s impressive growth trajectory and its ability to attract international investors.

Funding Boosts Lending Activities and Rural Development

The recently gained assets will be decisively conveyed to support Dvara KGFS’s continuous loaning drives in India’s far off country regions. This monetary lift means to enable these networks by cultivating abundance creation valuable open doors and growing admittance to fundamental monetary administrations.

Building on a Strong Foundation

Remarking on the turn of events, LVLN Murty, Overseeing Chief and President of Dvara KGFS, communicated his enjoyment at getting a recurrent round of obligation funding from Empowering Qapital. He underscored the organization’s obligation to fashioning serious areas of strength for a with Empowering Qapital to accomplish their common objective of advancing practical and client driven monetary incorporation programs.

Diversifying Resources for Ambitious Growth

Dvara KGFS has set ambitious targets for the current fiscal year, aiming for a growth rate of 40%. Murty underscored the significance of exploring diverse funding avenues to maintain a well-diversified resource portfolio. He reiterated a similar stance during the previous funding round, highlighting the importance of securing liquidity to support the company’s ambitious growth plans.

Proven Track Record in Rural Financial Inclusion

In 2023, Dvara KGFS successfully raised $14.4 million through listed Non-Convertible Debentures (NCDs) on the Singapore-based Impact Investment Exchange. As a mid-sized Non-Banking Financial Company (NBFC), Dvara KGFS caters to the financial needs of over 2.41 million customers residing in rural India. Leveraging an omnichannel approach, the company operates a network of more than 400 branches across 110 districts in 10 states.


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