Satya MicroCapital raises Rs 40 crore through NCDs

INSUBCONTINENT EXCLUSIVE:
Bengaluru: Micro finance institution Satya MicroCapital has issued Non-Convertible Debentures (NCDs) worth Rs 40 crore from a
responsAbility-managed private debt fund focussing on micro and SME finance, and Microfinance Enhancement Facility S.A
(MEF)
tremendous growth since the previous financial year as well as having built a presence across 11 states in the country, we are at a critical
juncture
The funds raised will help us scale up our operational base, capital base and reach more entrepreneurs by developing innovative credit
MicroCapital is an NBFC-MFI that offers collateral-free credit to micro enterprises on strong credit assessment and a centralised approval
system
The company has adopted a limited liability group (LLG) model for extending loans and ensuring repayment