SAVE Microfinance Raises $3 Million via Women’s Livelihood Bond 7
In a significant development, SAVE Microfinance Pvt Ltd, part of the SAVE Group, has successfully raised $3 million through IIX’s Women’s Livelihood Bond 7 (WLB7). This milestone investment will enable the organization to expand its credit offerings to rural women entrepreneurs in India, further solidifying its commitment to inclusive growth and financial empowerment.
The funding will have a direct impact on SAVE Microfinance’s balance sheet, enabling the organization to strengthen its financial position and increase its lending capacity. Moreover, the investment will support the organization’s efforts to promote financial literacy among its clients, particularly women in rural areas. By doing so, SAVE Microfinance aims to bridge the financial inclusion gap and promote sustainable economic development in these underserved regions.
Women’s Livelihood Bond 7 is a unique investment opportunity that targets empowering 773,000 underserved women across Asia. The bond is backed by the International Finance Corporation (IFC) and global investors, demonstrating the growing recognition of the importance of women’s economic empowerment.
SAVE Microfinance’s commitment to financial inclusion is evident in its mission to provide affordable and accessible financial services to low-income individuals, particularly women, in rural areas. The organization’s lending portfolio is designed to support small-scale businesses, agriculture, and micro-entrepreneurship initiatives, enabling women to break the cycle of poverty and achieve economic stability.
The funding raised through WLB7 will enable SAVE Microfinance to expand its outreach to more rural areas, increasing its impact on the lives of women entrepreneurs. By providing access to credit, the organization will help these women to invest in their businesses, improve their livelihoods, and contribute to the local economy.
The significance of this investment lies in its potential to create a ripple effect in the community. By empowering women through financial inclusion, SAVE Microfinance can help break the cycle of poverty and promote sustainable economic growth. Women are often the primary caregivers and breadwinners in many rural households, and their economic empowerment can have a positive impact on their families, communities, and society as a whole.
The Women’s Livelihood Bond 7 is a testament to the growing recognition of the importance of women’s economic empowerment. The bond’s investors are committed to promoting financial inclusion and empowering women, and SAVE Microfinance is proud to be a part of this initiative.
In an era where financial inclusion is critical to achieving sustainable economic development, SAVE Microfinance’s $3 million raise through WLB7 is a significant step forward. The organization’s commitment to financial literacy, outreach, and lending will continue to make a meaningful difference in the lives of rural women entrepreneurs in India.
As SAVE Microfinance continues to grow and expand its operations, it is essential to remember the impact that this organization has on the lives of women and their families. By providing access to credit, financial literacy, and economic opportunities, SAVE Microfinance is empowering women to break the cycle of poverty and achieve economic stability.
In conclusion, SAVE Microfinance’s successful raise of $3 million through IIX’s Women’s Livelihood Bond 7 is a significant milestone in the organization’s journey towards financial inclusion and women’s economic empowerment. As the organization continues to grow and expand its operations, it is crucial to recognize the impact that SAVE Microfinance has on the lives of rural women entrepreneurs in India and to continue supporting its efforts to promote financial literacy, outreach, and lending.
Source:
https://ascendants.in/business-stories/save-microfinance-raises-3m-iix-wlb7/
