Save Solutions

Save Solutions (SAVE)  founded in 2009, started as a Business Correspondent (BC) company headquartered in Bihar, India. SAVE uses an extensive network of Customer Service Points (CSPs) to allow banks to reach out to clients in deep rural and semi-urban areas in a cost-efficient manner.

Investment rationale

Formal credit supply to micro small medium  enterprises  is low at 30% with estimated addressable credit gap of USD +360bn. Penetration of formal funding is low in Eastern & Central India - SAVE’s target geography.

Reputable international private equity investors Incofin aligned to MIFIF’s investment strategy on board to expand business into new business divisions.

Country:  India

Website: http://www.saveind.in/

Responsible partner: David Paradiso

Fund: Maj Invest Financial Inclusion Fund III K/S