Samunnati raises $16 m in debt from Swiss agency Blue Earth Capital

Agri worth chain financier Samunnati has raised its single largest debt tranche of ₹133 crore ($16 million) in the course of the first quarter of FY25 from Blue Earth Capital, a Swiss-headquartered international impression funding agency.

That is Blue Earth Capital’s first debt funding, offering a lift to Samunnati’s initiatives geared toward making vital adjustments within the lives of smallholder farmers throughout India.

Within the present monetary 12 months, Samunnati has already secured $5 million (₹41 crore) in debt funding via an Exterior Business Borrowing (ECB) from Enabling Qapital, a famend international impression funding advisory agency. That is in continuation to a powerful FY 23-24, the place Samunnati had secured a complete of $155 million (₹1,291 crore) in debt and fairness funding, the corporate stated in a press release.

Anil Kumar SG, Founder and CEO of Samunnati, stated: “This enhance will strengthen our efforts to enhance the lives of smallholders via local weather and sustainability tasks. Their partnership empowers us to amplify our impression, driving constructive change in rural communities.”

Amy Wang, Head of Non-public Credit score of Blue Earth Capital, acknowledged: “Our partnership with Samunnati will assist them develop their mortgage e-book and improve the adoption of climate-smart agricultural practices throughout its portfolio. We’re impressed with Samunnati’s distinctive high-impact social outcomes whereas demonstrating sturdy resilience all through totally different market situations.”

The partnership with Blue Earth Capital will improve Samunnati’s initiatives in selling entry to local weather adaptation, resilience, and mitigation practices. This contains collaborations with lenders, worldwide companies, and authorities our bodies on inexperienced bonds, thematic lending fashions, and credit score assure protection packages for a climate-smart compliant portfolio. At present, 22 per cent of Samunnati’s energetic portfolio is devoted to climate-smart financing.

Samunnati has a presence in additional than 100 agri-value chains unfold over 23 States. Samunnati at present has entry to over 6,500 farmer collectives with a member base of over eight million farmers and envisions impacting one in each 4 farming households via its community by 2027.