About Microfinance

“Microfinance” is often defined as financial services for poor and low-income clients. In practice, the term is often used more narrowly to refer to loans and other services from providers that identify themselves as “microfinance institutions” (MFIs). More broadly, microfinance refers to a movement that envisions a world in which low-income households have permanent access to a range of high quality financial services to finance their income-producing activities, build assets, stabilize consumption, and protect against risks. These services are not limited to credit, but include savings, insurance, and money transfers.

Micro-Finance loans are small in amount as their target population do not have the means to borrow an amount of Rs 1,00,000. They go for smaller loans of upto Rs 10,000.

Our Work

We have our own Micro-finance division which is self sustainable and presently supported by Rashtriya Mahila Kosh and our own promoters. Few banks have also come forward to provide assistance. We try to provide assistance to our SHG and JLG for furtherance of their income generation program. At present, the Capital Base is approx. Rs 50 lakhs.