Asirvad Microfinance Limited - Official Page

Overview

Asirvad Microfinance Limited is a non-banking financial company based in Tamil Nadu, India, that specializes in microfinance services aimed at economically disadvantaged women in rural areas. Founded in December 2007 and starting operations in January 2008, the organization follows the Grameen Bank model by providing microcredit through joint liability groups. This approach supports income-generating activities among women, helping them to start or expand small businesses and improve their livelihoods.

The operation spans more than 267 districts across 19 states and union territories in India, serving a large customer base of low-income women. The loan portfolio has grown significantly, exceeding Rs. 2,100 crore as of late 2017. The joint liability group mechanism not only helps mitigate credit risk but also fosters community support among borrowers. This institution is registered with the Reserve Bank of India as an NBFC-MFI, ensuring compliance with regulatory guidelines for microfinance institutions.

Basic Information

Contact Details

• Phone: +91 44352 98100
• Website: asirvadmicrofinance.co.in
• LinkedIn: linkedin.com/company/aml-official-asirvad-microfinance-page

Key Focus Areas & Initiatives

• Microfinance for economically disadvantaged women in rural India
• Joint liability group-based lending model
• Empowering low-income women to start or expand small businesses
• Complying with RBI NBFC-MFI guidelines
• Financial inclusion and community development

Technologies Used

• AI
• Amazon AWS
• Gmail
• Google Apps
• Remote
• Route 53