Swiss impact investor BlueOrchard invests $4.7m in Satya MicroCapital
By Pramugdha Mamgain
New Delhi-based microfinance company Satya MicroCapital Ltd has raised $4.7 million (Rs 34 crore) from Swiss impact investment manager BlueOrchard Finance Ltd for on-lending to the Indian micro, small, and medium business sector, with a focus on women entrepreneurs, said a statement on Monday.
The funding has been raised equally from two BlueOrchard managed funds — the Microfinance Initiative for Asia (MIFA), a microfinance initiative to exclusively target Asian microfinance institutions, and the Japan ASEAN Women Empowerment Fund (JAWEF).
Photo courtesy of GotCredit.