SATYA MicroCapital Ltd

SATYA Microcapital

In brief

SATYA MicroCapital Ltd is one of the fastest-growing non-banking finance companies for microfinance (NBFC-MFI), providing microcredit across the country in rural parts of India. The company started its operations in January 2017. Within five years, it has rapidly expanded operations in 22 states (out of 36 states and union territories in India) with a loan portfolio of USD 321 million and 1.1 million customers. The company exclusively caters the unserved and underserved women population in low-income households for entrepreneurship and income generation purposes. Through small credit provision, SATYA aims to empower women in rural areas and improve their socio-economic livelihood.

Main development impact

SATYA is a socially responsible organisation catering to the unbanked and people at the bottom of the pyramid, especially rural women in India who seek credit help in several focus areas for income generation purposes. It has a strong social mission “to be a preferred choice for the people at the bottom of the pyramid in creating their enterprise and livelihood through a holistic approach.” The company promotes entrepreneurship and generates livelihood for the domestic and rural markets to bridge the gap between the segments in terms of financial inclusion and social upliftment. This further enables the people in these rural segments to generate employment and livelihood opportunities at the grassroots. SATYA’s vision is to be a catalyst for the socio-economic improvement of five million households by 2025.

Investment details

Name: SATYA MicroCapital Ltd
Project number: 80000406
Region: Asia
Country: India
Sector: Financial institution
Signing date (month/year): May 2023
Currency: USD
Finnfund's financing (commitment): 10,000,000
Instrument: Loan
Size of the project financing: USD 35,000,000
Share of Finnfund's financing (%): 29 %
Status: Active

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

May

Key facts

Name:

SATYA MicroCapital Ltd

Sector:

Financial institution

Region:

Asia

Country:

India

Currency:

USD

Finnfund's financing (commitment):

10,000,000

Signing date (month/year):

May 2023

Last update:

September 2024