SAVE Microfinance, a microfinance institution and part of the SAVE Group, has raised $3 million through Non-Convertible Debentures (NCDs) from Impact Investment Exchange’s (IIX) flagship Women’s Livelihood Bond 7 (WLB7).
The funds raised will be used to strengthen its focus on responsible lending practices, financial literacy initiatives, and inclusive growth by supporting women entrepreneurs, promoting financial resilience, and creating measurable social and economic impact.
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.
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’s empowerment. The capital will enable us to expand our outreach and provide sustainable livelihood opportunities to more women entrepreneurs across India.”
Pintu Kumar Singh, CFO, SAVE Microfinance, said, “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.”
