Chennai-based Samunnati lends to India’s small farmers and agriculture businesses; loans are based on cash flow, which helps ease debt-repayment pressure that has hurt other ag-credit programs.
It operates in 10 states and disbursed $80 million in credit since 2014. It also supports borrowers with financial intermediation, advising and market connections.
The investment, amount undisclosed, is the first from responsAbility’s agriculture private equity fund, (More on the Swiss impact investors ag-sector work here.)
