Payments Industry in India Q4 2016

The Payments Industry in India has largely been driven by cash. Presently, cash transactions accounts for 78% of all transactions in the country...

Verdant Capital successfully arranges GHS 13 million loan facility for First Allied Savings and Loans

Verdant Capital has successfully arranged for First Allied Savings and Loans, a leading Ghanaian financial institution, a loan facility amount of GHS 13 million (approx. USD 3.2 million) from a leading international impact investor. This facility is the first tranche of a private placement debt deal of GHS 60 million (approx. USD 15 million), the balance will close early in the new year. The institution has total assets of around USD 90 million with about 63% of its loan book is represented by micro-enterprise loans and 34% by SME loans. SMEs and micro-enterprises are critical for the economic and social […]