Muthoot Microfin is in advanced talks with European investors to secure $50 million in external commercial borrowing, aiming to lower costs and pass on interest rate benefits to customers at the bottom of the pyramid. CEO Sadaf Sayeed expects the borrowing to be completed in three tranches by September. The lender raised $113 million this year from overseas investors and plans to further reduce operating expenses and average cost of funds in the coming quarters.
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