Sharma, Kamakshi; Mahna, Tusharika; Jain, Sonali; Dhir, … - In: International Journal of Financial Studies : open … 11 (2023) 3, pp. 1-21
A partial risk guarantee (PRG) is one of the critical instruments in the blended finance approach that provides partial assurance to the risk investor to lend leveraged capital to the borrower. Under the PRG scheme, philanthropic capital is employed as a risk guarantee to create financial and...