Digital micro-finance institution Sindhuja Microcredit, which offers small loans to self-employed women entrepreneurs in rural areas, on Monday said it has raised $8.7 million in Series B funding from Norwegian development financier Nordic Microfinance Initiative (NMI) and Indian consumption-focused private equity fund, Carpediem Capital Partners.
In March last year, the Noida-based lender had raised $4 million in its Series A round led by Carpediem Capital.
