MFI Report

Arth was established in May 2007, as an MFI with a motive to edify the financial status of women in India. Arth Finance is backed by IIRD (Indian Institute Of Rural Development) the parent company Registered under the Society Act 1958 , which has one and a half decade of experience in areas of economic development,natural resource management,health education, sanitation ,Child development and women empowerment and has also been envolved in the SHG bank linkage programme for around a decade. Realising the need for micro finance services to enable project beneficiaries to take up livelihood activities Arth was created as a separate wing to provide credit and insurance services to its existing members. Arth’s Legal status is that of an NBFC and working with the existing SHG groups provides a good customer base for its microfinance Programmes. Arth has adopted the JLG model of operations . The MF Operations started in May 2007 and we are now a family consisting of 14115 women clients spread across 10 branches in the districts of Rajasthan and MP.Arth also has strategic financial plan according to which we plan to diversify to over 100 branches and client outreach to 140,000 by 2013. Arth was established with a motive to empower the downtrodden,by providing micro loans to the poor women. Our primary aim is to strengthen the financial status of women,who do not have direct access to banks or other financial institutions and to assist them in their pursuit of income generating activities. The methodology followed by ARTH is simple and approachable because WE REACH OUT TO PEOPLE . Objectives give the business a clearly defined target and also enables the business to measure the pogress towards its stated aim. More than subsidies poor need access to credit. Absence of formal employment make them non `bankable'. This forces them to borrow from local moneylenders at exhorbitant interest rates. To bridge this gap Microfinance sector have proved to be very helpful , and in our pursuit to provide financial aid to the needy we religiously follow our business objectives. ARTH’s Objective: “ARTH’s objective is to help women, become self – reliant and independent by their economic empowerment through income generating activities and our aim is to provide them with a platform which will help them achieve that level of self sufficiency.” Hide