Dutch development bank FMO pitches USD 11-mn investment in microfinance firm Arohan

Cebu [Philippines], March 13 (ANI): Dutch development bank FMO has proposed investing USD 11.1 million in Indian non-banking financial company Arohan Financial Services, Nikkei Asia reported on Monday.

The proposed investment will be used to finance Arohan's post-Covid growth, FMO said. The homegrown microfinance company also plans to complement its branch network with more technology-driven services, according to a discl