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Press release: Symbiotics launches USD 6.75 million (INR 506,250,000) Social Bond with Samunnati Financial Intermediation & Services Private Limited in India

Thursday 27th, August 2020

Symbiotics, the leading market access platform for impact investing, has arranged a Social Bond, raising USD 6.75 million in local currency (INR 506,250,000) for Samunnati Financial Intermediation & Services Private Limited (“Samunnati”), a non-banking financial company (NBFC) in India.

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Testimonials

Mrs. So used to work in a garment factory but later decided to actively get involved in the water purification business her husband has been engaged in for many years. Having heard about Sathapana from her brother, her first loan of USD 30,000 with the MFI served to build a premises in which Mrs. So and her husband will purify and bottle water. Her clients are grocery stores in Kandal Provinces, on the outskirts of Phnom Penh.

“My husband and I are glad to contribute to the development of nearby communities through the supply of drinking water”

 

Ms. So