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…