Finnfund and FMO back SATYA MicroCapital with USD 35 million to make formal finance more accessible to women in India
Finnfund, the Finnish development financier and impact investor, and FMO, the Dutch entrepreneurial development bank, have announced a USD 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 USD 10 million ECB facility, with FMO providing a USD 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