Samunnati secures Rs 133 Cr from Blue Earth for climate projects
Summary
Agri-finance startup Samunnati has secured its largest debt tranche of Rs 133 crore ($16 million) from global impact investment firm Blue Earth Capital. Their partnership empowers us to amplify our impact, driving positive change in rural communities, Anil Kumar SG, Samunnati Founder and CEO said.This includes collaborations with lenders, international agencies, and government bodies on green bonds; thematic lending models, and credit guarantee coverage programmes to build a climate-smart compliant portfolio. Currently, 22% of Samunnatis active portfolio is dedicated to climate-smart financing, it said in a statement.This also marks Switzerland-based Blue Earth Capitals first debt investment. "We are delighted to start our partnership with Samunnati to help them expand their loan book and enhance the adoption of climate-smart agricultural practices across its portfolio. We are very impressed with Samunnatis unique high-impact social outcomes while demonstrating strong resilience throughout different market conditions," Amy Wang, Head of Private Credit of Blue Earth Capital said.Established in 2014, Samunnati offers financial, co-financial and non-financial solutions to marginal, small and medium farmers, agri enterprises, and wholesale/retailers.