Satya MicroCapital has secured Rs 1,000 million in debt funding from Japan-based Mizuho Bank. This is the first instance of Satya being backed by Mizuho, a subsidiary of Mizuho Financial Group.
The funding will be used to scale Satya’s operational model, expand its product offerings, and enhance its business processes to serve its growing client base. A key focus of this capital will be to accelerate financial inclusion, particularly for women micro-entrepreneurs, by offering innovative credit solutions.
Emphasising on the significance of this partnership, Vivek Tiwari, Managing Director (MD) and Chief Executive Officer (CEO), Satya MicroCapital, said, “Our association with Mizuho Bank serves as a pivotal force that strengthens Satya’s resolve to drive financial inclusion and empower women entrepreneurs across India. The trust Mizuho has placed in our business model will propel us towards achieving our expansion goals, while also allowing us to create a sustainable impact on the communities we serve.”
Tiwari also expressed confidence that Satya’s business model is gaining recognition on the global stage. Moving forward, the company aims to continue making a positive difference for households at the bottom of the pyramid.
