Sunday, May 04, 2008

Grama Vidiyal gets funding

Trichy, Tamil Nadu based microfinance institution Grama Vidiyal Microfinance Company has received investment funding from Unitus Equity Fund L.P., USA and Vinod Khosla, a VC. The investment received was Rs. 14.7 crore. The company focuses on Tamil Nadu right now. It hopes to cover all districts of Tamil Nadu and expects to spread its operation to other states in 2009.

I couldn't locate any website for this company.

Unitus and Vinod Khosla have also invested in SKS Microfinance.

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