Registered in Rajasthan, India, the company is a NBFC-MFI providing loans and financial support to underprivileged sections, especially rural and urban women. It has branches across 80 districts and over 8 states with current active borrowers registered at 2,50,000 people. The company is also partnered with SIDBI under the scheme of direct credit to clients named ‘PRAYAAS scheme’.
It has a credit rating of BBB+ by Brickwork and had a total loan portfolio of around $105 million USD in the Financial Year 2021-22. Company is managed by veterans with over 25+ years of experience in the retail banking and financial sector.
The company offers two types of loans one of which is specifically for women in rural / urban areas to help them generate income.
Austria
The company is seeking to raise funds through equity of USD 7Mn as well as debt of upto USD 11Mn 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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