Dutch lender FMO to extend $18.2m loan to India's Aye Finance

Dutch lender FMO to extend $18.2m loan to India's Aye Finance

Aye Finance provides loans to micro, small and medium enterprises (MSMEs) in India. Photo: Company website

Dutch development bank FMO has proposed to invest Rs1.2 billion ($18.2 million) in Indian financial services firm Aye Finance to support the expansion of its loan portfolio in the country, according to disclosure.