Satya MicroCapital raises Rs.135-Cr from BlueOrchard, responsAbility via NCDs

New Delhi-based NBFC-MFI Satya MicroCapital Ltd has raised about INR 135 crore through non-convertible debentures (NCDs) from impact investment fund manager responsAbility Investments and Swiss impact investor BlueOrchard Finance Ltd. It will use the funds to provide financial assistance to 5 million households by 2025. Satya Micro offers collateral-free credit to micro enterprises based on a centralised approval system. It has adopted a limited liability group (LLG) model for extending loans and ensuring repayment.