Arohan Fin (IFC-41105)

  • India
Where the impacts of the investment may be experienced.
Specific Location
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 11, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 14.67 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 29, 2019

Disclosed by Bank May 7, 2018

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Project Description

The project aims to invest in Arohan Financial Services Private Limited which is a registered non-banking finance company microfinance institution in India. IFC’s proposed investment will help Arohan to diversify its sources of funding and to expand the outreach of access to microfinance to borrowers who have little or no access to formal sources of financing.

The project will have the following two components:

1. Access to Microfinance: This will support the company in expanding the outreach of access to microfinance to borrowers, especially low-income households, who have little or no access to formal sources of financing.

2. Balanced growth of Microfinance: This investment will promote a more balanced growth of microfinance in India.

Investment Description
  • International Finance Corporation (IFC)
Financial Intermediary
Private Actors
Private Actors Description

Arohan Financial Services Private Limited is a Reserve Bank of India (RBI) registered non-banking finance company microfinance institution (NBFC-MFI).

Contact Information

For inquiries about the project

Arohan Financial Services (P) Ltd. 
Mr. Milind Nare 
Chief Financial Officier 
DP-9, Sector V, Salt LakeKolkata 700 09. West Bengal. India 

For inquiries and comments about IFC

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384


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