SAVE Microfinance Private Limited, part of the SAVE Group and a leading microfinance institution committed to driving financial inclusion in India, has successfully raised USD 3 million through Non-Convertible Debentures (NCDs) from Impact Investment Exchange's (IIX) flagship Women's Livelihood Bond™ 7 (WLB7).
This investment marks a significant milestone in strengthening SAVE Microfinance's mission of empowering underserved communities, particularly women from low-income households, by enhancing their access to affordable credit.
Mr. Ajeet Kumar Singh, Co-Founder and MD, SAVE Group, said: "This funding from Impact Investment Exchange's WLB7 is a strong validation of our commitment to promoting financial inclusion and women empowerment. The capital will enable us to expand our outreach and provide sustainable livelihood opportunities to more women entrepreneurs across India."
Mr. Pintu Kumar Singh, CFO, SAVE Microfinance Private Limited, added: "This investment strengthens our balance sheet and further diversifies our funding sources. The association with IIX through WLB7 reinforces global confidence in SAVE Microfinance's robust business model and impact-driven mission. It will help us scale responsibly while delivering measurable financial and social outcomes."
The WLB7 is part of IIX's award-winning Women's Livelihood Bond™ Series, a series of bonds focused on empowering women and girls in emerging markets by mobilizing capital for impact. The proceeds of this bond will be directed towards supporting women entrepreneurs, promoting financial resilience, and creating measurable social and economic impact.
With this investment, SAVE Microfinance will further strengthen its focus on responsible lending practices, financial literacy initiatives, and inclusive growth, thereby contributing to India's broader vision of sustainable development.
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