Funding Boost for Women Entrepreneurs: SAVE Microfinance Secures $3 Million
SAVE Microfinance, a member of the SAVE Group, has successfully acquired $3 million in funding via non-convertible debentures (NCDs) from Impact Investment Exchange’s (IIX) women’s livelihood bond 7 (WLB7). This infusion of capital will be directed towards broadening outreach to underserved communities, focusing particularly on low-income women entrepreneurs by improving their access to affordable credit and livelihood opportunities.
The organisation also aims to enhance its balance sheet, diversify its funding sources, and grow responsibly, all while prioritising responsible lending practices, financial literacy, and inclusive growth.
About SAVE Microfinance
Founded as part of the SAVE Group, SAVE Microfinance is dedicated to providing microcredit in rural India, specifically targeting women. Impact Investment Exchange (IIX) has played a crucial role in supporting initiatives that mobilise over $500 million in private capital, making a significant impact on more than 160 million lives across 60 countries through investments that focus on gender equality and climate resilience.
