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10 most promising Microfinance Companies - 2021
Microfinance Companies are financial institutions that make modest loans to those who don't have access to traditional banking services. Small loans are defined differently in different nations. Microloans are defined as loans of less than Rs. 1 lakh in India. Microfinance organisations aim primarily to provide low wage borrowers with an opportunity to become autonomous. By providing loans to borrowers who fall under the BPL (Below Poverty Line) category, this sector plays an essential role in supporting equitable growth. This sector is also assisting rural women in obtaining modest loans at low-interest rates in order to support their families. The Indian microfinance market is divided into banks and non-banks based on categories. In India, microfinance sources are favoured by...
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10 most promising Microfinance Companies - 2021
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Our subscribers play a decisive role in finalization of our annual list of Top 10 most promising Microfinance Companies - 2021 by nominating those which have served them with excellence and are praiseworthy. If you feel there is a company that deserves to be on our annual list, do write to us about them mentioning their value proposition.
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| Company Logo | Company Name | Company Management | Company Description |
|---|---|---|---|
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Fusion Microfinance | Devesh Sachdev,MD & CEO | Focus is reaching out to unbanked and providing financial services to women entrepreneurs belonging to the economically and socially deprived section of the society. |
| Company Logo | Company Name | Company Management | Company Description |
|---|---|---|---|
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Aarohiinfo Fi Management Limited | Sudhanshu Sharma, Executive Director | Provides design, execute and evaluate business processes with most recognized and innovate BPM tools in India. |
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Light Microfinance | Rakesh Kumar, CEO & Executive Director | Provides Microfinance, Community Development, Scholarship Program, Financial Literacy, Values Formation, and Enterprise Development. |
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MoneyBox Finance | Mayur Modi, Co-Founder & Co-CEO | Provides loan to small and medium scale business for a tenure of 24 to 60 months. |
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Nabfins Limited | J. K. Mohapatra, IAS [Retd.], Chairman | Provides need & cash flow based credit services at client friendly terms. |
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Noya Enterprises | Rajottam Ganguly, CEO and Founder | Provides investments across the real estate, infrastructure and microfinance sectors with large-scale projects and offer strategic support to MSMEs. |
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SAVE MicroFinance | Ajeet Kumar Singh, Director & CEO | Focus on providing microfinance services to urban and rural poor, as well as micro and small businessmen, in the underserved geographies of India. |
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Southindia Finvest | Natarajan R, Chairman & Managing Direct | Provides MFI Loans,Consumer Loans, Two Wheeler Loans, Personal Loans, Education Loans and MSME Loans. |
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SV Creditline Limited | Partha Sengupta, CEO | Provides lending service, offers credit for activities such as housing finance and short term individual loans. |
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Vaya Finserv | Vikram Akula, Chairperson and Co-Promoter | Enhance the livelihoods of underserved low-income women, mainly in rural areas, through the provision of financial services and financial literacy training. |