Dvara Kshetriya Gramin Financials (Dvara KGFS) has successfully raised $7 million in debt through External Commercial Borrowings (ECBs) from Enabling Qapita, marking its second such initiative.
This funding will support Dvara KGFS’s ongoing lending activities aimed at fostering financial inclusion in rural India. Enabling Qapita (EQ), a regulated Impact Asset Manager, focuses on investments that generate both financial and social returns.
LVLN Murty, Managing Director and CEO of Dvara KGFS, expressed enthusiasm about the repeated debt raise from EQ, emphasizing their shared commitment to expanding sustainable financial inclusion initiatives. He highlighted that the funds will be utilized to create wealth opportunities in deep rural areas of India.
Shilpa Bhatter, CFO of Dvara KGFS, noted that the organization has diversified its funding sources significantly and actively engages with impact investors aligned with their mission.
By accessing global debt markets, Dvara KGFS aims to enhance its funding resilience while advancing its growth objectives in the rural finance sector.