SATYA MicroCapital Limited Secures Rs 1000 Mn Debt Funding from Japan Based Mizuho Bank, Ltd.

RBI-registered NBFC-MFI, SATYA Micro Capital Limited has successfully raised Rs 1000 Mn from Mizuho Bank Ltd., a subsidiary of Mizuho Financial Group, Inc. This marks the first time that SATYA has been backed by Mizuho Bank. The infusion of debt funding will help scale up SATYA's operational model, develop innovative credit offerings, expand its product portfolio, and provide end-to-end business processes for its clients. Additionally, the funding will be used to promote financial inclusion among women micro-entrepreneurs and empower women through microfinance. Vivek Tiwari, MD & CEO of SATYA MicroCapital Limited, stated that the association with Mizuho Bank serves as a driving force for SATYA to continue its mission of driving financial inclusion and empowering women entrepreneurs across India. The trust Mizuho Bank has placed in SATYA's business model will guide its expansion goals. SATYA's business model is gaining momentum globally, and it remains committed to creating a sustainable impact and enabling a brighter future for households at the bottom of the pyramid.

Read more