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SAVE Microfinance, part of the SAVE Group, has raised $3 million in funding through non-convertible debentures (NCDs) from Impact Investment Exchange’s (IIX) women’s livelihood bond 7 (WLB7). The proceeds will be used to expand its outreach to underserved communities, particularly low-income women entrepreneurs, by enhancing access to affordable credit and livelihood opportunities. The firm also plans to strengthen its balance sheet, diversify funding sources, and scale responsibly while maintaining a focus on responsible lending, financial literacy, and inclusive growth.
Founded as part of SAVE Group, SAVE Microfinance provides microcredit in rural India with a focus on women. Impact Investment Exchange (IIX). The brand claims to have mobilized over $500 million in private capital, impacting more than 160 million lives across 60 countries through gender-focused and climate-aligned investments.
About Save Microfinance
Mr. Ajeet Kumar Singh, Founder Director, MD & CEO, SAVE Group of companies along with two other founder members, founded SAVE in the year 2009 in Gaya, Bihar, with an aim of “Creating and delivering last mile customer service”. SMPL, one of India’s Fastest-growing Microfinance companies, is dedicated to Empowering Rural Women by providing accessible microcredit services, fostering income-generating activities, economic growth, and community development.