Arohan Financial Services Limited announces a lending rate revision of 20.69% for its Saral and Product loans with effect from October 1, 2019. This is a decrease from the previous lending rate of 20.79%.
The change is effective for Arohan’s entire bucket of Saral loans along with the suite of product loans which benefits over 2 million customers.
This is in line with the RBI in respect of Margin and Qualifying Assets Ratios. A CARE MFI 1 grading, Social Performance raread more
In an exclusive interview with Mint, Manoj Kumar Nambiar, Managing Director, Arohan, part of The Aavishkaar Group, spoke extensively on how Arohan is in talks with sovereign wealth funds and PEs to raise USD 200 Million.read more
Manoj Nambiar, MD, Arohan as part of the Aavishkaar group's yearlong content partnership with Forbes India contributes the sixth story in the Forbes series, May Issue.
Titled ‘How big data can optimise the Microfinance sector’ the author talks about the uberisation of credit in the sector. He goes on to speak about how in India, rapid advances in technology are transforming the financial services landscape, and how big data can enable microfinance institutions (MFIs) play an innovread more
In an interaction on digital lending across businesses with Mr. Nikhil Inamdar of the NDTV network, Mr Manoj Nambiar, Managing Director, Arohan Financial Services Limited speaks about financial inclusion in India as the country moves towards digitalization. The documentary was aired exclusively over the weekend on NDTV 24x7 and NDTV Prime on August 18 and 19, 2018.read more
Arohan Financial Services Limited, the leading NBFC-MFIs in India announced the induction of Shri DK Mittal, Ex-Secretary, Department of Financial Services, Government of India as Independent Chairman to its Board of Directors. As part of the Aavishkaar-Intellecap Group, Arohan is serving the Group Vision of “Building businesses with or for the Other 3 Billion”.
Sharing his thoughts Shri D.K Mittal said, “India needs to harness its latent entrepreneurial potential to build aread more
Arohan Financial Services (P) Limited announced a lower lending rate of 20.75% for all its microfinance products except Premium. In effect from May 1, 2018, this change is a 24 bps cut from the earlier lending rate of 20.99%.
The rate revision will benefit lakhs of new customers of Arohan, over 96% of which are women from socio-economically disadvantaged backgrounds across the Low Income States of Eastern, Central and North Eastern India. The rate cut has been made possible due to Aread more
Arohan Financial Services (P) Limited announces a lower lending rate of 21.20% for its flagship loan products, Saral and Bazaar with effect from January 16, 2017. This is a 102 bps cut from the present lending rate of 22.22% for Saral and 215 bps cut from the present lending rate of 23.35% for Bazaar, which were effective from November 20, 2017.
In line with the RBI in respect of Margin and Qualifying Assets Ratios, the back-to-back rate cuts have been mread more
Arohan Financial Services (P) Limited announces a lower lending rate of 22.22% for its flagship loan product, Saral, as well as, all its Cross-Sell products with effect from November 20, 2017. This is a 13 bps cut from the present lending rate of 22.35% which was effective from October 1, 2017. ‘Saral’ currently caters to over 8.25 lakh women customers of Arohan, who are from socio-economically disadvantaged backgrounds across the Low Income States of Eastern, Central and North Eastread more
Arohan Financial Services Private Limited, has announced a lower lending rate of 22.35% from the present rate of 22.99% for its flagship micro loan product, Saral, catering to socio-economically disadvantaged women. The lower rate rolled out is effective from October 1, 2017 and this revision has made Arohan the second best priced NBFC-MFI and the thread more
The microfinance industry has seen tremendous growth over the past five years, growing at a 45% CAGR. It has witnessed rapid evolution with regulatory reforms post the Andhra Pradesh crisis in 2010 to regulate product, pricing and protection of customer interest.read more
Anant Jayant Natu, our Central Operations Head, writes an article with T.V.S Ravi Kumar, Senior Manager, MicroSave’s Country Development Programme Indonesiaread more
Arohan Financial Services Private Limited announces a lower lending rate of 22.99% ( 200 bps cut from the present lending rate of 24.99% ) for its Saral Loan product catering to 96 % of the almost 7 lakh women customers from socio-economically disadvantaged backgrounds. This has been made possible due to equity infusion of 97 crores and lowering of borrowing costs in the past few months. The company had also added to its net worth with the successful completion of its rights iread more
The Aavishkaar-Intellecap Group, a pioneer in impact investing and an instrumental entity of the impact investing ecosystem globally, today announced raising an equity round of USD $25 million led by Triodosread more
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