Private Equity

Social VC Investments

SAVE Microfinance raises $3-M via IIX

Entrackr   SAVE Microfinance  

Delhi-based SAVE Microfinance , a part of the SAVE Group, has raised USD 3 million through non-convertible debentures (NCDs) from Impact Investment Exchange’s (IIX) women’s livelihood bond 7 (WLB7).Incorporated in 2016, SAVE Microfinance provides microcredit in rural India with a focus on women. The brand claims to have mobilized over USD 500 million in private capital, impacting more than 160 million lives across 60 countries through gender-focused and climate-aligned investments.

For FY24, Save Microfinance had reported about INR 207 Cr in Operating Income and about INR 12 Cr in PAT.