Through the sale of non-convertible debentures (NCDs) from Impact Investment Exchange’s (IIX) women’s livelihood bond 7 (WLB7), SAVE Microfinance, a division of the SAVE Group, has raised $3 million in funding.
By improving access to reasonably priced credit and livelihood opportunities, the funds will be utilized to broaden its reach to underprivileged communities, especially low-income women entrepreneurs.
The company also intends to focus on responsible lending, financial literacy, and inclusive growth while strengthening its balance sheet, diversifying its funding sources, and scaling responsibly.
SAVE Microfinance, which was established as a division of SAVE Group, offers microcredit in rural India with an emphasis on women. Exchange for Impact Investments (IIX).
Through gender-focused and climate-aligned investments, the brand says it has mobilized over $500 million in private capital, affecting the lives of over 160 million people in 60 countries.
