FMO and Finnfund Back SATYA MicroCapital With $35M to Make Formal Finance More Accessible to Women in India

FMO, the Dutch entrepreneurial development bank, and Finnfund, the Finnish development financier and impact investor, have announced a $35 million debt funding to SATYA MicroCapital Ltd, a Delhi-based RBI registered NBFC-MFI which provides affordable microcredit to women from low-income households across the rural areas of India. Finnfund invested in a $10 million ECB facility, with FMO providing a $25 million debt facility in the local currency. The company contributes to women empowerment by generating additional income earning opportunities and providing a more affordable alternative to informal finance with high interest rates.

Labelled as 100 percent Reducing Inequalities and 20 percent Green, the funds have been earmarked to fund women and youth financing, thereby promoting gender equality and female empowerment. By empowering aspiring women entrepreneurs with increased credit access and digital literacy trainings, SATYA clearly exemplifies the importance of providing both financial and non-financial support to improve the livelihoods of the underbanked across India.