<article>New Delhi-based microfinance company <a href="https://www.dealstreetasia.com/?s=Satya MicroCapital Ltd" target="_blank" rel="noopener">Satya MicroCapital Ltd</a> has raised $4.7 million (Rs 34 crore) from Swiss impact investment manager <a href="https://www.dealstreetasia.com/?s=BlueOrchard Finance Ltd" target="_blank" rel="noopener">BlueOrchard Finance Ltd</a> for on-lending to the Indian micro, small, and medium business sector, with a focus on women entrepreneurs, said a statement on Monday.</article>

New Delhi-based microfinance company <a href="https://www.dealstreetasia.com/?s=Satya MicroCapital Ltd" target="_blank" rel="noopener">Satya MicroCapital Ltd</a> has raised $4.7 million (Rs 34 crore) from Swiss impact investment manager <a href="https://www.dealstreetasia.com/?s=BlueOrchard Finance Ltd" target="_blank" rel="noopener">BlueOrchard Finance Ltd</a> 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 &#8212; the Microfinance Initiative for Asia (MIFA), a microfinance initiative to exclusively target Asian microfinance institutions, and the Japan ASEAN Women Empowerment Fund (JAWEF).
&#8220;The funds raised will enable us to build a stronger capital base and reach more entrepreneurs by offering them finance options for their livelihood and entrepreneurial undertakings. The capital raised will also help us scale up rapidly and develop innovative offerings for a wider segment of customers,&#8221; Vivek Tiwari, MD &amp; CEO, Satya MicroCapital Ltd said.
Satya MicroCapital offers collateral-free credit to micro enterprises on the basis of credit assessment and a centralised approval system. Its limited liability group (LLG) model, mainly focuses on women, with their husbands acting as co-borrowers, through a credit product that allows them to start a new business or build their existing business.
Having commenced lending in January 2017, Satya MicroCapital had reached assets under management (AUM) of Rs 275 crore as of July 31, 2018. The company began its operations in five states and has now reached 65 branches spread across 11 states. In August, it raised $6.2 million (Rs 43 crore) in a round of funding led by Japan’s Gojo &amp; Company, along with existing investor Dia Vikas Capital.
Founded in 2001, by initiative of the UN, BlueOrchard offers premium investment solutions to qualified investors and debt and equity financing to institutions in emerging and frontier markets. With a global presence and offices in four continents, the firm has invested more than $5 billion in 350 institutions across 80 countries till date, providing access to financial and related services to over 37 million low-income individuals.
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In August, it raised $6.2 million (Rs 43 crore) in a round of funding led by Japan’s Gojo & Company, along with existing investor Dia Vikas Capital.

Swiss impact investor BlueOrchard invests $4.7m in Satya MicroCapital

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Swiss impact investor BlueOrchard invests $4.7m in Satya MicroCapital

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