Dutch development bank FMO has proposed to invest $50 million in the Indian non-banking financial company (NBFC) SK Finance, formerly Esskay Fincorp, according to a disclosure.
SK Finance is an NBFC that operates in north-western India under regulatory oversight. It provides financing backed by assets in the vehicle and lending segments for micro, small, and medium-sized enterprises (MSMEs) to entrepreneurs in rural and semi-urban areas who are underserved.