Funding news
SAVE Microfinance raises Rs 40 Cr in debt funding
SAVE Microfinance has raised Rs 40 crore in debt funding, comprising Rs 25 crore from Indian Overseas Bank and Rs 15 crore from Northern Arc Capital.
The funding will strengthen the company's lending capacity and support expansion of its microfinance operations, with a focus on underserved communities, women entrepreneurs, and rural households.
SAVE Microfinance also plans to explore funding under the Credit Guarantee Scheme for Microfinance Institutions 2.0 to diversify its funding sources and support growth of its loan portfolio.
