SAVE Microfinance, a subsidiary of rural financier SAVE Group, has raised $3 million in funding through non-convertible debentures (NCDs).
The funds were secured from Impact Investment Exchange’s (IIX) Women’s Livelihood Bond 7 (WLB7).
The money will be used to support more underserved communities, especially low-income women running small businesses, by giving them easier access to affordable loans and income opportunities.
The company also wants to strengthen its finances, find more funding options, and grow in a sustainable way. It will continue to focus on responsible lending, financial literacy, and inclusive growth.
Founded by Ajeet Kumar Singh, Pankaj Kumar, and Ajay Kumar Sinha, SAVE Microfinance provides small loans in rural India, mainly supporting women borrowers.
In May 2025, ‘SAVE–The Roshni Project’ was launched at AcuVision Eye Centre to provide free cataract surgeries for underprivileged people who cannot afford quality eye care.
The initiative is part of the CSR program of SAVE Microfinance Pvt. Ltd., under the SAVE Group.
Impact Investment Exchange (IIX) says it has raised over $500 million in private capital, improving the lives of more than 160 million people across 60 countries through investments focused on gender equality and climate action.
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