Tag: fundraise

Unitus arranges $1.5m catalytic debt for Mimo Finance

June 26, 2010 Media Exposure, Unitus Labs

Unitus Arranges Rs 7 crore ($1.5 million) Debt for Partner Mimo Finance Unitus arranges Rs 7 crore ($1.5 million) of debt funding from $15 million Unitus, Opic & Citi credit facility that finalized March 2010 From Financial Chronicle, Mimo raises Rs 7 crore debt, by Sanjay Vijay Kumar. “Delhi-based non-banking finance company Mimoza Enterprises Finance (Mimo) has… Read more >

Grameen Koota Listed NCD through FII Route

January 22, 2010 Press Release, Unitus Capital

Grameen Financial Services raises Rs. 20 crore of NCDs through FII route Bangalore, January 22, 2010: Grameen Financial Services Private Limited (popularly known as Grameen Koota) has raised INR 20 crore (approximately USD 4.27 MM) of debt capital through an issuance of secured, redeemable, nonconvertible debentures (NCDs) to MicroVest I, LP (MV I), a private… Read more >

Bandhan Raises Rs. 500 million of Equity

December 30, 2009 Press Release, Unitus Capital

Bandhan raises Rs. 500 million of equity capital from Small Industries Development Bank of India (SIDBI) Bandhan Financial Services Private Limited (Bandhan), a pan-India microfinance institution headquartered in Kolkata, is pleased to announce the successful completion of its first major round of equity infusion of INR 500,000,000 (Rupees five hundred million – US$ 10.7mn approx),… Read more >

Saija Raises $500,000 of Equity

November 30, 2009 Press Release, Unitus Capital

Saija Finance, a Microfinance Institution Headquartered in Bihar, India’s Poorest Region, Raise Equity Capital Saija Finance Private Ltd (Saija), a Bihar, India-based microfinance institution, is pleased to announce the successful completion of its first round of equity infusion of USD 500,000. ACCION Gateway Fund is the sole investor and Unitus Capital acted as the financial advisor.… Read more >

Grama Vidiyal Raises $4 million of Equity

Grama Vidiyal raises over USD 4 million of equity capital, the first equity investment in India in 2009 Tamil Nadu, India-based microfinance institution successfully completes second round of equity infusion from MicroVest, Unitus Equity Fund I (UEFI) and Amar Foundation. Tamil Nadu, India June 16, 2009: Grama Vidiyal Microfinance Private Ltd (GVMFL) is pleased to… Read more >

Unitus Launches Financial Services Firm: Unitus Capital

Unitus Launches Financial Services Firm to Channel Capital to Social Entrepreneurs in Emerging Markets Unitus Capital Receives $5.5 Million in Initial Round of Seed Funding Bangalore, India and Seattle, Washington, July 24, 2008 – Unitus, Inc., today announced the launch of Unitus Capital, one of the first financial advisory firms designed to meet the investment… Read more >

Unitus to Receive $9 Million Grant From Omidyar Network

April 23, 2008 Press Release, Unitus Labs

Omidyar Network and Unitus to Help Millions of the Working Poor Participate in the Global Economy $9 Million Grant is Omidyar’s Largest in Microfinance to Date San Francisco, CA and Seattle, WA, April 23, 2008 – Omidyar Network and Unitus are pleased to announce plans to dramatically expand the worldwide availability of financial services to… Read more >

Unitus Arranges Joint Microfinance Investment

May 2, 2007 Press Release, Unitus Labs

Unitus Arranges Joint Microfinance Investment in Indonesia Collaboration between Unitus, The Dignity Fund and MicroCredit Enterprises allows MBK Ventura to access $1.2 million and impact 60,000 micro-entrepreneurs Redmond, WA—May 2, 2007— Unitus, Inc., a nonprofit organization delivering innovative solutions to global poverty, announced that it has arranged a $1.2 million loan for MBK Ventura, a… Read more >

UEF Closes Largest Private Global Equity Fund

Unitus Equity Fund Closes Largest Private Global Equity Fund Targeting Microfinance Omidyar Network, Abacus Wealth Partners among lead investors in $23M Fund that aims to deliver financial and social returns Redmond, WA–March 26, 2007–The Unitus Equity Fund L.P. (UEF), an equity fund investing in microfinance institutions in Asia and Latin America, today announced that the… Read more >

Gates Foundation Awards Unitus $1.46 Million

May 22, 2006 Press Release, Unitus Labs

Gates Foundation Awards Unitus $1.46 Million to Drive Innovations in Microfinance Efficiency Grant will help Unitus accelerate access to financial services for the world’s poor Redmond, WA–May 22, 2006–Unitus, a creator of innovative solutions to global poverty, announced today that it had received a $1.46 million grant from the Bill & Melinda Gates Foundation to… Read more >