SAVE Microfinance raises $3 Mn via IIX’s WLB7

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.