Original disclosure @ DFC website
Updated in EWS Oct 30, 2022
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According to DFC, the proposed will support the expansion of Asirvad’s microfinance portfolio, providing income-generating loans to low-income women in predominantly rural areas.
This Project is expected to have a highly developmental impact by expanding the availability of microfinance lending to women in India. The Project intends to help the Project Company increase its microfinance portfolio to over 3 million individuals, up from 2.1 million today. These clients are all women and mostly low-income and rural individuals, and this lending will help alleviate the $9 billion finance gap for Indian microenterprises, and will also help to close the $567 million finance gap facing Indian women microentrepreneurs. This Project aligns with the Government of India’s National Mission for Financial Inclusion and the RBI’s National Strategy for Financial Inclusion, which envision comprehensive financial inclusion for the nation's poor, underbanked and unbanked.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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No contact information was provided at the time of disclosure.
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