BOPA invests USD 2.5 M in equity in Sambandh Finserve Private Limited, India
BOPA (Base of Pyramid Asia) has concluded a USD 2.5 M equity investment into Sambandh Finserve Private Ltd, which is a Non Banking Finance Company MFI in India. Sambandh is presently working in 20 districts of Odisha, Chhattisgarh and Jharkhand states and was recently awarded with the prestigious Microfinance Organization of the Year 2017 (Small & Medium) at the Inclusive Finance India Summit 2017.
Mr. Christian Andersen, CEO of BOPA, speaking on this development, said “BOPA is very happy to become a partner of Sambandh, which is an impressive regional NBFC-MFI with a strong commitment to social impact. We feel that BOPA and Sambandh are very well aligned and look forward to work with Sambandh to support growing its scale and impact.” Download the full press release here