ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Japanese microlender raises $26m to expand Indian operations

Gojo plans to make inroads into Africa and digitize lending

An open-air market in Ahmedabad, India. Microloans can be a vital source of capital for low-income earnings to start their own business.   © Reuters

TOKYO -- Japanese microlender Gojo & Co. has raised 2.72 billion yen ($26 million) in fresh capital with plans to increase loans in India and branch out into Africa.

Tokyo-based Gojo issued new shares to investors including Dai-ichi Life Insurance and Ricoh Leasing, with the total amount raised this year reaching 7 billion yen.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more