SLCM’s NBFC arm Kissandhan to raise Rs 29 crore via NCDs

INSUBCONTINENT EXCLUSIVE:
through an issue of non-convertible debentures (NCDs) that were subscribed by AAV Sarl, an affiliate of global impact investment company
Symbiotics Group
On the achievement Mr
Getting funding from large foreign institutions like Symbiotics Group is a testament of the confidence on the sector and our organization
It reaffirms our commitment and we will use this funding for reaching out to Agri fraternity to offer them our Financing solutions and help
2014 with its NBFC, Kissandhan that provides loans against storage receipts of agri commodities
Kissandhan offers financing solutions irrespective of the balance sheet of the borrower just within 24 hours, the emphasis is purely on the
agri collateral (the crop) that the borrower pledges
products after arriving at valuation of the goods stored, using collateral at risk model
Till now, Kissandhan has disbursed loans worth Rs 1,751 crores to different segments brought real inclusive growth through availability of
credit on agriculture commodities to about 3,83,380 farmers based on an internal study in about 4 years of operations and serviced over
investment company that focuses on emerging, sustainable and inclusive finance.