MFI Report

Arohan Financial Services Private Limited is a for-profit Non-Bank Financial Company which began operations in 2006 and has since become one of the leading and most transparent MFIs in India. In 2010 Arohan won the MFI of the Year award at the Microfinance India Summit as well as the Srijan Microfinance Transparency award. The organization has provided over Rps 4 billion (USD 88 million) in loans since inception. Arohan is primarily focused on meeting the needs of socio-economically disadvantaged clients in the Eastern India. Arohan currently operates in the states of West Bengal, Assam and Bihar and provides three tailored lending products. As a part of the organization’s commitment to client care, Arohan also offers loan insurance cover as well as personal injury and accident insurance. Based on a successful track record, Arohan plans to expand into the states of Jharkhand and Uttar Pradesh over the next 24 months. Arohan’s target clients are women engaged in income generating activities, small market vendors trading in commercial clusters and MSME or SME entrepreneurs. Arohan has a tailored loan product available to meet each client’s individual requirements and, as such, applies both the joint group lending and individual lending approach. Arohan currently has 214,059 clients (March 2011). Arohan is headquartered in Kolkata, West Bengal and has 149 branches and 1,002 staff members - 93% of which operate at the field level (March 2011). Arohan is promoted by Mr. Shubhankar Sengupta; a seasoned microfinance professional, one of the founding Board Members of MFIN and a leader of the credit bureau initiative, High Mark. Arohan is committed to the highest standards of professionalism, client care, transparency and good governance. Ocultar