Registered NBFC-MFI that provides loans and financial support to underprivileged sections is looking to raise funds through equity to expand their business geographically.
Registered NBFC-MFI that provides loans and financial support to underprivileged sections with special focus on poor women from rural & urban areas. Headquartered in Rajasthan, the company has branches in more than 80 districts covering states like Madhya Pradesh, Himachal Pradesh, Punjab & Haryana, Uttarakhand, and Uttar Pradesh. Managed by Industry veterans, the NBFC has a credit rating of BBB+ Stable by Brickwork and has around 2,50,000 Current Active borrowers.
The NBFC has partnered with SIDBI under scheme of direct credit to clients named ‘PRAYAAS’ scheme. Total loan portfolio of around USD 125.49 Mn as on March 31, 2022. Loan disbursement in 2022 was USD 91 Mn.
The company offers two types of loans one of which is specifically for women in rural / urban areas to help them generate income.
Australia, Germany, Austria
The company is seeking to raise funds through debt of USD 12Mn to expand their business geographically and providing income generating loans and business development services to women, the company help them build productive microenterprises, thereby contributing to the development of sustainable communities.
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