Avendus Capital Advises Grama Vidiyal Microfinance LTD on Raising Long-term Senior and Subordinated Facilities From Worldbusiness Capital, INC.

Our in depth understanding of the local needs and repayment capabilities along with a robust network spread across four states, has helped us grow a sound microfinance portfolio. We are happy that WBC was able to see immense value in our business model and will work with us towards creating a stronger footprint.

Post Andhra Pradesh crisis and subsequent clarity in regulations, MFIs have come a long way towards restoring investor confidence back into the sector. GV is a leading MFI in Tamil Nadu and is expanding into other logical geographies across India. With a strong focus on building an understanding of its end customer, sound business model, robust risk management strategy and flawless execution, we believe it has all the constituents to create a leadership position in the microfinance segment.

WBC welcomes the opportunity to provide financing to an established, well-managed lending institution such as GV which plays a vital role in supporting an underbanked sector of the Indian economy. This transaction also demonstrates WBC’s ongoing commitment to identifying and developing unique lending opportunities in the Indian marketplace.