India-based microfinance institution Satya MicroCapital has raised INR400 million (approximately US$6 million) in the form of non-convertible debentures from impact investment fund manager responsAbility Investments and Microfinance Enhancement Facility, a lender to microfinance institutions in developing countries. Satya MicroCapital uses a collateral-free group-lending model that allows borrowers to share repayment liability and build credit. The company will use the funding to expand its offerings to India-based micro-, small- and medium-sized enterprises.