What Is Microfinance Company

My Symbol of identification is Ramesh and I have one question please tell me What Is Microfinance Company and give me list of leading Microfinance Company

[Shaleen]

Microfinance refers to a variety of financial services that target low-income clients, particularly women.

Since the clients of microfinance institutions (MFIs) have lower incomes and often have limited access to other financial services, microfinance products tend to be for smaller monetary amounts than traditional financial services These services include loans, savings, insurance, and remittances

The goal for MFIs should be:

To improve the quality of life of the poor by providing access to financial and support services;

To be a viable financial institution developing sustainable communities;

To mobilize resources in order to provide financial and support services to the poor, particularly women, for viable productive income generation enterprises enabling them to reduce their poverty;

Learn and evaluate what helps people to move out of poverty faster;

To create opportunities for self-employment for the underprivileged;

To train rural poor in simple skills and enable them to utilize the available resources and contribute to employment and income generation in rural areas

As per the report the top 25 Microfinance Companies in India are as follows.

Annapurna Microfinance Pvt Ltd
Arohan Financial Services Pvt Ltd
Asirvad Microfinance Pvt Ltd
Bandhan Financial Services Pvt Ltd
BSS Microfinance Pvt Ltd
Cashpor Micro Credit
Disha Microfin Pvt Ltd
Equitas Microfinance Pvt Ltd
ESAF Microfinance and Investments Pvt Ltd
Fusion Microfinance Pvt Ltd
Grama Vidiyal Micro Finance Ltd
Grameen Financial Services Pvt Ltd
Janalakshmi Financial Services Pvt Ltd
Madura Micro Finance Ltd
RGVN (North East) Microfinance Limited
Satin Creditcare Network Ltd
Shree Kshetra Dharmasthala Rural Development Project
SKS Microfinance Ltd
S.M.I.L.E Microfinance Ltd
Sonata Finance Pvt Ltd
Suryoday Micro Finance Pvt Ltd
SV Creditline Pvt Ltd
Swadhaar FinServe Pvt Ltd
Ujjivan Financial Services Pvt Ltd
Utkarsh Micro Finance Pvt Ltd

Other Emerging New MFI’s in India

Adhikar Microfinance Pvt Ltd
ASA International India Pvt Ltd
Belstar Investment & Finance Pvt Ltd
Chaitanya India Fin Credit Pvt Ltd
Future Financial Services Ltd
Growing Opportunity Finance (India) Pvt Ltd
Humana People to People India
IDF Financial Services Pvt Ltd
Indian Cooperative Network for Women Ltd
M Power Micro Finance Pvt Ltd
Mahasemam Trust
Margdarshak Financial Services Ltd
Pahal Financial Services Pvt Ltd
Rashtriya Seva Samithi
Sahara Utsarga Welfare Society
Sahayog Microfinance Ltd
Saija Finance Pvt Ltd
Samhita Community Development Services
Sanghamitra Rural Financial Services
Sarala Women Welfare Society
Shikhar Microfinance Pvt Ltd
Uttrayan Financial Services Pvt Ltd
Vedika Credit Capital Ltd
Village Financial Services Pvt Ltd
YVU Financial Services Pvt Ltd