ADB Support to Strengthen Microfinance Ecosystem in Asia

Date: 
17 Feb 2017

The Asian Development Bank (ADB) signed a USD 1.5 million equity investment agreement with Micro-Credit Ratings International Limited (M-CRIL) this week. The investment will boost M-CRIL’s resources, support its existing operations in India and Myanmar, and help it expand its activities in other emerging countries, including Cambodia, Indonesia, Nepal, and the People’s Republic of China. 

In assisting M-CRIL meet accreditation requirements in India, ADB’s investment will help the company to develop a knowledge-based pathway for strengthened regional integration, with India potentially emerging as its key analytics hub. 

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