Olympus Capital invests $30m in microfinance

Deal comes as new licence holders in India hit investors for capital, depressing valuations. The private equity firm tells FinanceAsia why the sector can be profitable.

Olympus Capital Asia is to invest US$30 million in microfinance operator CreditAccess Asia, as regulators across the region look to channel funds to small businesses and tighten the screws on loan sharks, the private equity firm said on Tuesday. 

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