India, Feb. 19 -- Non-banking financial company (NBFC) Credit Fair has secured $5 Mn in debt from Symbiotics Investments.

The NBFC raised the capital from the $75-Mn green basket bond issued by Symbiotics Investments and subscribed to by the British International Investment. The bond is aimed to drive adoption of renewable energy solutions across Asia and Africa.

The NBFC plans to use the fresh capital to expand its presence in the rooftop solar financing space, primarily targeting residential as well as MSME customers, including housing societies, in tier-II and III cities.

Besides, the funds will address the growing demand for rooftop solar installations, empowering underserved communities with affordable and accessible financing opt...