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Suryoday may get $11 mn capital infusion from IFC

Suryoday may get $11 mn capital infusion from IFC

Pune-based micro finance institution Suryoday Microfinance may get $11 million funding from the International Finance Corporation (IFC) in order to expand its operations. The private sector investment arm of the World Bank considers to infuse the capital in the microfinance firm through external commercial borrowing (ECB) route in the form of quasi-equity and senior