USAID and DHFL Announce Signing of $10 million Loan Guarantee
Financing will be used for Lending to Small and Medium-Sized Enterprises Operating in Health Sector in India by Najuka G Mumbai, July 24, 2018: The U.S. Agency for International Development (USAID) and the Dewan Housing Finance Corporation Limited (DHFL) today officially announced the signing of a $10-million loan portfolio guarantee in an effort to improve access to capital for healthcare providers in Tier II & Tier III cities. Through the risk-sharing agreement signed between USAID and DHFL, the Mumbai-based lender will be able to provide up to $10 million to small- and medium-sized enterprises operating in the health sector in India, prioritizing lending to women entrepreneurs. Through this partnership, USAID and DHFL intend to achieve the following: · Increase outreach to de-risk and improve access to finance for the Indian healthcare sector, especially breaking barriers for women entrepreneurs so they can establish or expand their healthcare enterprises