SATYA MicroCapital Limited Secures Rs 500 Cr from SMBC Bank to Enhance Business Model
Funding Highlights
NewsVoir New Delhi [India], September 7: RBI-registered NBFC-MFI SATYA MicroCapital Limited has effectively secured Rs 500 Cr (USD 60Mn) from Sumitomo Mitsui Banking Corporation (referred as SMBC hereafter). This achievement represents their second successful collaboration with this renowned Japanese multinational financial services institution under Sumitomo Mitsui Financial Group, Inc.
Impact on Operational Model
- This new infusion of debt aims to bolster SATYA's operational model.
- It fosters innovation in credit offerings.
- There is an emphasis on expanding the product portfolio.
- Enhancing end-to-end business processes for clients is a priority.
Supporting Financial Inclusion
- This funding will drive efforts to boost financial inclusion for women micro-entrepreneurs.
- Promoting women's empowerment through microfinance remains a key focus.
According to Vivek Tiwari (MD, CEO & CIO: SATYA MicroCapital Limited), this funding is expected to significantly empower the company's operations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.