Our Members

Members


Currently MFIN member organizations consist of 51 of the leading NBFC-MFIs whose combined business constitutes over 90% of the Indian microfinance sector (excluding SHGs). Operating across the country’s length and breadth of, the outreach of MFIN member institutions is present in 595 of the 664 districts in India, covering 35 States and UTs.

The table below gives a snapshot of presence of MFIN members in the country as on 30th June, 2018.

Total in India Of which MFIN members are present in
No of States & UTS 36 35
No of Districts 664 595

A brief introduction of MFIN member institutions based on the location of Company Headquarters is summarized below.

AdhikarAdhikar Micro Finance Pvt. Ltd. is a Bhubaneswar based NBFC-MFI with a gross loan portfolio of Rs. 229 cr. as on 30th September,2018. The organization’s operation spreads over the states of Assam, Odisha, Chhattisgarh & Gujarat with 82 branches reaching out 1.3 (lk) clients.

Adhikar’s NBFC-MFI Registration No. is 04.00021.

For more details, please refer to Adhikar’s website: http://www.adhikarindia.in

Adi Chitragupta Finance Ltd.
Adi Chitragupta Finance Limited (ACFL) is a Patna based NBFC-MFI with a gross loan portfolio of Rs. 21 cr. as on 30th September, 2018. It has 16 branches reaching out 0.14 (lk) clients. ACFL is the first NBFC-MFI from Bihar to get a COR from RBI, Patna. ACFL will work in underserved geographies of India. ACFL proposes to extend its delivery to Jharkhand in second year of operation and expand its activities to other states.

Adi Chitragupta’s NBFC-MFI Registration No. is B-15-00060.

For more details, please refer to Adi Chitragupta’s website: http://www.acfl.co.in

AFPLAnnapurna Finance Pvt. Ltd. is a Bhubaneswar based NBFC-MFI with gross loan portfolio of Rs. 2,197 cr. as on 30th September, 2018. The organization’s operation spreads over 12 states with 498 branches reaching out 13.0 (lk) clients.

Annapurna’s NBFC-MFI Registration No. is B.4.00027.

For more details, please refer to Annapurna’s website: http://ampl.net.in

ArohanArohan Financial Services (P) Ltd. is a Kolkata based NBFC-MFI with a gross loan portfolio of 2,790 cr. as on 30th September, 2018. Arohan caters to over 14.0 (lk) clients across 13 low income states with 565 branches.

Arohan’s NBFC-MFI Registration No. is B.05.02932

For more details, please refer to Arohan’s website: http://www.arohan.in


ASA International India Microfinance LimitedASA International India Microfinance Limited is a Kolkata based NBFC-MFI with gross loan portfolio of Rs. 918.10 cr. as on 30th September, 2018. The organization’s operation are spreads over 6 states (West Bengal ,Assam, Bihar, Tripura, Meghalaya and Uttar Pradesh ) with 283 branches reaching out 5.68 lakhs clients.

ASA International India Microfinance Limited’s NBFC-MFI Registration No. is B-06.00236.

For more details, please refer to ASA International India Microfinance Limited website: http://www.asaindia.in/


JagaranJagaran Microfin Pvt. Ltd. is a Kolkata based NBFC-MFI with gross loan portfolio of Rs. 351 cr. as on 30th September, 2018. The organization’s operation spreads over 5 states with 108 branches reaching out 2.3 (lk) clients.

Jagaran’s NBFC-MFI Registration No. is B.05.00998

For more details, please refer to Jagaran’s website: http://www.jagaranmf.com/

Janakalyan Consultancy and Services Pvt. Ltd. is a Kolkata based NBFC-MFI with a gross loan portfolio of Rs. 103 cr. as on 30th September, 2018. The organization’s operation spreads across 3 states with 41 branches reaching out 0.74 (lk) clients.

Janakalyan’s NBFC MFI registration number is N-05.07035

For more details, please refer to Jagaran’s website: http://www.janakalyan.net

NightingaleNightingale Finvest Private Ltd. is a Guwahati based NBFC -MFI with a gross loan portfolio of Rs. 80 cr. as on 30th September, 2018. Prior to year 2011, the microfinance activities were carried out in the name of Nightingale Charitable Society which was under Societies Registration Act in the year 1998 and carried out microfinance activities from the year 2004 in the state of Assam. The organization’s operation spread over Assam with 37 branches reaching out 0.51 (lk) clients.

Nightingale’s NBFC-MFI Registration No. is B-08.00184.

For more details, please refer to Nightingale’s website: http://www.nightingalefinvest.in/index.html (under development phase)

SAVE MicrofinanceSAVE Microfinance Pvt Ltd is a Gaya(Bihar) based NBFC-MFI with its corporate office in Delhi NCR. It is a new generation NBFC-MFI using innovative cashless lending and collection platform. The organization is a part of the SAVE group which has other subsidiaries like SAVE Solutions Pvt. Ltd, largest BC-CSP partner of State Bank of India with operations across 24 states through 10000+ CSP kiosks (mini branches) serving more than 12 million customers. SAVE also provides CSP services to Bank of India, Bank of Baroda , RBL along with some other leading Regional Rural Bank’s.

SAVE NBFC-MFI Registration No. is N-14.03377.

For more details, please refer to SAVE’s website: www.saveind.in (under development phase)

SaijaSaija Finance Private Limited is a Patna based NBFC-MFI with gross loan portfolio of Rs. 443 cr. as on 30th September, 2018. The organization’s operation spreads over 5 states with 101 branches reaching out 3.13 (lk) clients.

Saija’s NBFC-MFI Registration No. is B.14.01576.

For more details, please refer to Saija’s website: http://saija.in

sambandhSambandh Finserve Private Limited (SFPL) was formed in the year 2006 as a distinct project under; Regional Rural Development Centre (RRDC) one of the most reputed NGOs in Odisha. The rationale for undertaking Sambandh as an exclusive project lies in the fact that the nature of financial services involves complexity in strategy, scale and execution. It has a gross loan portfolio of Rs. 251 cr. as on 30th September, 2018. The organization’s operation spread across 3 states with 57 branches and reaching out 1.50 (lk) clients.

Sambandh’s NBFC-MFI Registration No. is 04.00023.

For more details, please refer to Sambandh’s website: www.sambandhfin.com

Unacco-Finance-Pvt-Ltd-(East)
Unnaco Financial Services Pvt. Ltd. is a Guwahati based NBFC-MFI with a gross loan portfolio of Rs. 86 cr. as on 30th September, 2018. The organization’s operations are spread over 5 states in the North-Eastern Part of India with 37 branches reaching out 0.58 (lk) clients. The organisation is successfully working under the project “Economic Empowerment Programme for the poor Women (EEPPW)”, which aims to improve the pace and quality of life of the rural and semi-urban women through micro credit.

Unnaco’s NBFC-MFI Registration No. is B.08.00199.

For more details, please refer to IDFs website: http://www.unacco.in/

mamber-logoVillage Financial Services Ltd. is a Kolkata based NBFC-MFI with a gross loan portfolio of Rs. 953 cr. as on 30th September, 2018. The organization’s operation spreads over 10 states with 223 branches reaching out 4.25 (lk) clients.

Village’s NBFC-MFI Registration No. is 5.05378.

For more details, please refer to Village’s website: http://www.village.net.in

w15Agora Microfinance India Ltd. based out of Mumbai is a NBFC-MFI with a gross loan portfolio of Rs. 38 cr. with 11 branches reaching out to 0.23 (lk) clients as on 30th September, 2018. It strives to provide affordable, convenient and timely financial services to low income urban clientele in a financially sustainable manner.

Agora’s NBFC-MFI registration No is B.12.00337.

For more details, please refer to Agora’s website: http://www.amil.co.in

avanti-logo
Avanti Microfinance is a Mumbai Based NBFC-MFI.
For more details, please refer to Avanti’s website : https://avantifinance.in/

w15Centrum Microcredit Private Limited is a Mumbai based NBFC-MFI with gross loan portfolio of Rs. 160 cr. as on 30th September, 2018. The organization’s operation spreads over two states Maharashtra and Gujrat with 39 branches reaching out 0.85 (lk) clients.

Centrum Microcredit Private Limited NBFC-MFI Registration No. is N-13.02206.

For more details, please refer to Agora’s website: www.centrum.co.in

Hindustan’s MicrofinanceHindusthan Microfinance Private Limited (HMPL) is a Mumbai based NBFC-MFI which was established in 2008. It has a gross loan portfolio of Rs. 31 Cr as of 30th September, 2018. The organization’s operation spreads over 3 states with 25 branches reaching out 0.19 (lk) clients.

Hindustan Microfinance's NBFC-MFI Registration No. is B-13.01761.

For more details, please refer to Hindusthan’s website: http://www.hindusthanmfi.com/

DishaFino Finance Pvt. Ltd. is an NBFC-MFI started operations in 2002, and is engaged in providing affordable micro-credit to the underserved and un-served women population through joint liability group (JLG) based micro-loans. The gross loan portfolio of Fino is Rs. 697 cr. as on 30th September 2018. The organization’s operation spreads over 4 states 261 branches reaching to 4.22 (lk) clients.

Fino’s NBFC-MFI Registration No. is B-13.01609.

For more details, please refer to Fino’s website: http://www.intrepid.in

Light MicrofinanceLight Microfinance Pvt. Ltd. is a young, professionally run, innovative and rapidly growing technology driven microfinance company based in Ahmedabad, Gujarat that empowers low-income women by providing loans for livelihood and income- generation activities. The gross loan portfolio of Light Microfinance is Rs. 201 cr. as on 30th September, 2018. The organization’s operation spreads over 3 states with 92 branches reaching out 0.84 (lk) clients.

Light Microfinance's NBFC Registration No. B-14.03244.

For more details, please refer to Light’s website: http://www.lightmicrofinance.com/

mpowerM Power Micro Finance Pvt. Ltd. is a Mumbai based NBFC- MFI with a gross loan portfolio of Rs. 225 cr. as on 30th September, 2018. The organization’s operation spreads over 3 States with 53 branches reaching out 1.12 (lk) clients.

M Power’s NBFC Registration No. is N-13-01963.

For more details, please refer to M Power’s website: http://www.mpowermicro.com/

NamraNamra Finance Ltd. is an Ahmedabad based NBFC-MFI with a gross loan portfolio of Rs. 358 cr. as on 30th September, 2018. The organization’s operation spreads over 5 states with 134 branches reaching out 2.45 (lk) clients.

Namra’s NBFC-MFI Registration No. is 1.0006.

For more details, please refer to Arman’s website: http://www.armanindia.com/

PahalPahal Financial Services Pvt. Ltd. is an Ahmedabad based NBFC-MFI with a gross loan portfolio of Rs 362 cr. as on 30th September, 2018. The organization’s operation spreads over 5 states with 90 branches reaching out 1.73 (lk) clients.

Pahal’s NBFC-MFI Registration No. is B-13-01631.

For more details, please refer to Pahal’s website: http://pahalfinance.com/

SvastiSvasti Microfinance Private Limited is a Mumbai based NFC-MFI with a gross loan portfolio Rs. 239 cr. as on 30th September, 2018. The organization’s operations spreads over 3 states with 35 branches reaching out to 1.30 (lk) clients.

Svasti’s NBFC MFI registration number is B-07-00625.

For more details, please refer to Svasti’s website: http://www.svasti.in/

svatantramicrofinSvatantra Microfin Pvt. Ltd. is a Mumbai based NBFC-MFI with a gross loan portfolio of Rs. 793 cr. as on 30th September, 2018. The organization’s operations are spread over 9 states with 256 branches reaching out 3.74 (lk) clients.

Svatantra’s NBFC-MFI Registration No. is N-13.02038.

For more details, please refer to Svatantra’s website: http://www.svatantramicrofin.com/

UnnatiUnnati Microfin Private Ltd. is a Mumbai based NBFC-MFI with a gross loan portfolio of of Rs. 65 cr. as on 30th September, 2018. Unnati started its operation from 2012 with a vision to cater the economically backward and financially stressed women entrepreneurs, by providing loans for their livelihood and income generation activities.
Currently it operates in Mumbai & Thane region of Maharashtra state with 10 branches and reaching out 0.33(lk) clients.

Unnati’s NBFC-MFI Registration No. is B- 13.01344-2000.

For more details, please refer to Unnati’s website: http://www.unnatimfi.com/

arth-finance-Logo
Arth Microfinance is a Jaipur Based NBFC-MFI currently operating across the states of Rajasthan,
Madhya Pradesh, Punjab and Haryana reaching out 89,620 clients.
For more details, please refer to Arth website: http://www.arthfinance.com/
aviral-finance-LogoAviral Finance Private Limited is a Raipur (Chhattisgarh) based NBFC-MFI with gross loan portfolio of Rs. 27 cr. as on 30th September, 2018. The organization’s is currently operating in Chhattisgarh State with 22 branches reaching out 0.14 (lk) clients.

Aviral’s NBFC-MFI Registration No. is B-03.00175.

For more details, please refer to Aviral’s website: http://www.aviralfinance.com/

Fusion-LogoFusion Microfinance Private Limited is a Delhi based NBFC-MFI with gross loan portfolio of Rs. 2,047 cr. as on 30th September, 2018. The organization’s operation spreads over 18 states with 468 branches reaching out 13.0 (lk) clients.

Fusion’s NBFC-MFI Registration No. is B.14.02857.

For more details, please refer to Fusion’s website: http://fusionmicrofinance.com/

MargdarshakMargdarshak Financial Services Ltd. is a Lucknow based NBFC-MFI with gross loan portfolio of Rs. 254 cr. as on 30th September, 2018. The organization’s operation spreads over 4 states through a network of 139 branches reaching out 1.88 (lk) clients.

Margdarshak’s NBFC-MFI Registration No. is B.12.00364.

For more details, please refer to Margdarshak’s website: http://www.margdarshak.org.in/

midlandmicrofinMidland Microfin Ltd. is a Jalandhar based NBFC-MFI with gross loan portfolio of Rs. 448 cr. as on 30th September, 2018. The organization’s operation spreads over 6 states with 125 branches reaching out 2.59 (lk) clients.

Midland Microfin's NBFC-MFI Registration No. is B-06.00458.

For more details, please refer to Midland Microfin's website: http://www.midlandmicrofin.com/

Mitrata Inclusive Financial ServicesMITRATA is a Gurgaon based NBFC-MFI with gross loan portfolio of Rs. ~33 crore as on 26th December, 2018. The organization’s operation spreads over 5 states Uttar Pradesh, Madhya Pradesh, Bihar, Rajasthan and Haryana with 22 branches reaching out 20,000 women clients.

MITRATA’s NBFC-MFI Registration No. is B-14.02500

For more details, please refer to Mitrata Inclusive Financial Services Private Limited website:
http://www.mitrata.in/

NEED Livelihood Microfinance Private Ltd.NEED Livelihood Microfinance Pvt. Ltd. is a Lucknow based NBFC-MFI with gross loan portfolio of Rs. 48 cr. as on 30th September, 2018. The organization’s operation spreads over 3 states with 50 branches reaching out 0.35 (lk) clients.

NEED MFI’s NBFC-MFI Registration No. is N-14.03356.

For more details, please refer to NEED MFI’s website: http://needmfi.com/

satinSatin Creditcare Network Ltd. (SCNL) is a Delhi based NBFC-MFI with a gross loan portfolio of Rs. 5,561 as on 30th September, 2018. The organization’s operation spreads over 20 states with 885 branches reaching out 27.0 (lk) clients.

Satin’s NBFC-MFI Registration No. is B-14.01394.

For more details, please refer to Satin’s website: http://www.satincreditcare.com/

satinSatya MicroCapital Ltd. is a Delhi based NBFC-MFI with a gross loan portfolio of Rs. 351 cr. as on 30th September, 2018. The organization’s operation spreads over 13 states with 74 branches reaching out 1.48 (lk) clients. Satya follows methodology of 100% cashless disbursement & is aiming towards 100% Cashless collections.

Satya Microcapital Ltd. NBFC-MFI Registration No. is. 14.01513 dated 02-02-2018.

For more details, please refer to Satya Microcapital website: http://www.satyamicrocapital.com

ShikharShikhar Microfinance Pvt. Ltd. is a Delhi based NBFC-MFI with gross loan portfolio of Rs .64 cr. as on 30th September, 2018.The organization’s operation spreads over 7 states with 38 branches reaching out 0.44 (lk) clients.

Shikhar’s NBFC-MFI Registration No. is B-14.02362.

For more details, please refer to Share’s website: http://shikharfin.com/

sontaSonata Finance (P) Ltd. is a NBFC-MFI headquartered in Lucknow with a gross loan portfolio of Rs. 1,320 cr. as on 30th June,2018. The organization’s operation spreads over 8 states with 427 branches reaching out 7.2 (lk) clients.

Sonata’s NBFC-MFI Registration No. is B-12.00445.

For more details, please refer to Sonata’s website: http://www.sonataindia.com/

SVCLSV Creditline Limited is a Gurgaon based NBFC-MFI with gross loan portfolio of Rs. 784 cr. as on 30th September, 2018. The organization’s operation spreads over 9 states with 226 branches reaching out 5.09 (lk) clients.

SVCLs NBFC-MFI Registration No. is B.14.01603.

For more details, please refer to SVCL’s website: http://www.svcl.in/


handBelstar Investment and Finance Pvt. Ltd. is a Chennai based NBFC-MFI with gross loan portfolio of Rs. 1,381 cr. as on 30th September, 2018. The organization’s operation spreads over 10 states with 305 branches reaching out 5.83 (lk) clients.

Belstar’s NBFC-MFI Registration No. is B-07-00792.

For more details, please refer to Belstar’s website: http://www.belstar.in

bfiBharat Financial Inclusion Ltd. (BFIL) is a Hyderabad based NBFC-MFI with gross loan portfolio of Rs. 15,481 cr. as on 30th September, 2018. The organization’s operation spreads over 19 states with 1,575 branches reaching out 67 (lk) clients.

BFIL ‘S NBFC-MFI Registration No. is N-09.00415.

For more details, please refer to BFIL's website: http://www.bfil.co.in/

ChaitanyaChaitanya India Fin Credit Pvt. Ltd. is a Bangalore based NBFC-MFI with gross loan portfolio of Rs. 455 cr. as on 30th September, 2018. The organization’s operation spreads across 3 states with 164 branches reaching out 2.74 (lk) clients.

Chaitanya’s NBFC-MFI Registration No. is N-02.00243.

For more details, please refer to Chaitanya’s website: http://www.chaitanyaindia.in/

GFSPLCreditAccess Grameen Limited is a Bangalore based NBFC-MFI with gross loan portfolio of Rs. 5,794 cr. as on 30th September, 2018. The organization’s operation spreads over 9 states with 656 branches reaching out 21 (lk) clients.

Grameen’s NBFC-MFI Registration No. is B.02.00252.

For more details, please refer to Grameen Koota’s website: http://www.grameenkoota.org/

GOFLGrowing Opportunity Finance (India) Pvt. Ltd. is a Chennai based NBFC-MFI with a gross loan portfolio of Rs. 190 cr. as on 30th September, 2018. The organization’s operation spreads over 3 with 25 branches reaching out 0.77 (lk) clients.

GOF’s NBFC-MFI Registration No. is N-07.00757.

For more details, please refer to IDFs website: http://www.gopportunity.net/

inditradeInditrade Microfinance Ltd. a Chennai based NBFC-MFI with gross loan portfolio of Rs. 96.0 cr. as on 30th September, 2018. The organization’s operation spreads over 5 states with 47 branches reaching out 0.54 (lk) clients.

Inditrade Microfinance Ltd., NBFC-MFI Registration No. is N-07.00828

For more details, please refer to Inditrade's website: http://www.inditrade.com/

MaduraMadura Micro Finance Ltd. is a Chennai based NBFC-MFI providing individual and group loans through its network of 306 branches across 7 states. It has a gross loan portfolio Rs. 1,599 cr. as on 30th September, 2018 with a client base of 8.22 (lk) clients.

Madura’s NBFC-MFI Registration No. is N.07.00754.

For more details, please refer to Madura’s website: http://maduramicrofinance.com/

ApexMSM Microfinance Limited commenced its microfinance operations in January 2010 and caters to the financial needs of the people in India. As on 30th September, 2018 the gross loan portfolio of MSM Microfinance is Rs. 38 cr. The organization’s operation spreads over 3 states with 12 branches reaching out 0.26 (lk) clients.

MSM Microfinance Ltd.’s Registration No. is 07.00020.

For more details, please refer to MSM MicroFinance Ltd.’s website: http://msmmicrofinance.com/

MuthootMuthoot Microfin Limited is a Cochin based NBFC with gross loan portfolio of Rs. 2,420 cr. as on 30th September, 2018. The organization’s operation spreads over 15 states with 467 branches reaching out 12.0 (lk) clients.

Muthoot Microfin Ltd.’s NBFC-MFI Registration No. is 13.00365.

For more details, please refer to Muthoot Microfin Ltd. website: http://www.muthootmicrofin.com


SamastaSamasta Micro Finance Limited is a Bangalore, based NBFC-MFI with gross loan portfolio of Rs. 1,448 cr. as on 30th September, 2018. The organization’s operation spreads over 15 states with 394 branches reaching out 6.62 (lk) clients.

Samasta’s NBFC-MFI Registration No. is B-02-00250.

For more details, please refer to Samasta’s website: http://www.samasta.co.in/

smlShare Microfin Ltd. is a Hyderabad based NBFC-MFI with gross loan portfolio of Rs. 772 cr. as on 30th September, 2018. The organization’s operation spreads over 19 states with 785 branches reaching out 6.07 (lk) clients.

Share’s NBFC Registration No. N-09.0026.

For more details, please refer to Share’s website: http://www.sharemicrofin.com/

SpandanaSpandana Sphoorty Financial Limited is a Hyderabad based NBFC-MFI with a gross loan portfolio of Rs. 3,166 cr. as on 30th September, 2018. The organization’s operation spreads across 14 states with 694 branches reaching out 16.0 (lk) clients.

Spandana’s NBFC Registration No. is N-09.00414.

For more details, please refer to SKS’ website: http://www.spandanaindia.com/

varamVaram Capital Pvt. Ltd. is a Chennai based NBFC-MFI with gross loan portfolio of Rs. 66 cr. as on 30th September, 2018. The organization’s operation spreads across Tamil Nadu & Chhattisgarh with 25 branches reaching 0.45 (lk) clients.

Varam’s NBFC-MFI Registration No. is B-07-00667.

For more details, please refer to Varam’s website: http://varam.in/


Vaya
Vaya FinServ Pvt. Ltd. is a Hyderabad based NBFC-MFI with asset under management of Rs. 968 cr. as on 30th September, 2018. The organization’s operations are spread over 7 states with a client base of 5.39(lk) clients.

Vaya NBFC-MFI- MFI registration number is N-09.00449

For more details, please refer to Vaya’s website: http://www.vayaindia.com/