In a significant boost to India’s financial inclusion landscape, SAVE Microfinance, part of the SAVE Group, has raised USD 3 million (~INR 26.45 crore) through Non-Convertible Debentures (NCDs) from Impact Investment Exchange’s (IIX) Women’s Livelihood Bond™ 7 (WLB7).
This is a big milestone for SAVE Microfinance’s journey to provide affordable credit and livelihood opportunities to underserved communities, especially low-income women entrepreneurs in rural India.
Financial Inclusion
The funds will be used for multiple growth objectives. SAVE Microfinance will strengthen financial resilience, expand reach, diversify funding, and continue to practice responsible lending. The proceeds will also be used for financial literacy initiatives and to strengthen the company’s balance sheet to scale responsibly and sustainably.
Founded as part of the SAVE Group, the microfinance institution has always focused on empowering women-led enterprises by providing microcredit solutions across rural India. With this investment, SAVE Microfinance will deepen its social impact and align with India’s vision of inclusive and sustainable development.
About the Women’s Livelihood Bond Series
The Women’s Livelihood Bond™ Series, created by Impact Investment Exchange (IIX), has become a global benchmark for mobilising private capital to empower women and girls in emerging markets. Backed by development finance institutions, including the International Finance Corporation (IFC) and a group of global investors, WLB7 continues this work by targeting measurable social and economic outcomes.
Specifically, WLB7 will empower 7,73,000 underserved women in Asia by increasing access to credit, entrepreneurship and climate and gender focused investments. To date, IIX has mobilised over USD 500 million (~INR 4,407 crore) in private capital, impacting over 160 million lives across 60 countries.
SAVE’s Social Responsibility Beyond Microfinance
Beyond financial services, SAVE Group has been investing in community welfare through its CSR activities. In May 2025, the organization launched The Roshni Project, an initiative to provide 89 free cataract surgeries to underprivileged communities in partnership with AcuVision Eye Centre. This project shows SAVE’s commitment to accessible healthcare and its overall approach to social development.
Aditi Mittal, Group Head – Human Resources, said at the launch, “Healthcare is a right, not a privilege”. The initiative is supported by SAVE’s founders — Ajeet Kumar Singh, Pankaj Kumar and Ajay Kumar Sinha — and reflects the group’s endeavour to make a difference beyond financial inclusion.
Inclusive Growth
The INR 26.45 crore raised through WLB7 will help strengthen SAVE Microfinance’s operations and scale up its ability to empower women entrepreneurs in rural India. By combining impact investing with grassroots financial inclusion, SAVE is leading the way in sustainable development in the country.
This is a vote of confidence in SAVE’s lending practices and a boost to the company’s next phase of growth and to shape a more inclusive and resilient economy for Indian women. For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription, stay tuned to IPO Central.