MFI Report

Kaveri Credits ( India ) Private Limited was a Company started in 1995. But the initial promoters did not carry out any micro finance work. In October 2008, the present promoters took over the defunct NBFC, named Kaveri Credits (India) Private Limited, with a valid RBI licence as non-deposit taking, non-banking finance company. In its new format Kaveri Credit India Pvt. Ltd plans to shift from the 'vanilla microfinance approach' and cater to a niche market of clients with existing enterprise for providing livelihood financing through by providing credit services. The promoters have had a vast experience in development and micro credit programs. The Company has a registered office in Bangalore and has plans to spread to other nearby States in a period of five years. The area for intervention will be selected through a detailed livelihood survey. Kaveri Credits (India) Private Limited (KCIPL) has started microfinance operations in the month of September, 2009. KCIPL has taken its roots from SEARCH, a non-for-profit organisation providing capacity support to NGOs. SEARCH, in order to provide credit and savings services established KOPSA in 1996 under the Societies Act, 1886. In the year 2000, KOPSA was transformed into a Section-25 Company. However in order to scale up the operations and fight increasing competition, KOPSA was transformed into KCIPL, a Non-banking financial company, in the month of April, 2009. KCIPL is a unique micro-finance institution with special focus on the livelihood segments of the target clientele. KCIPL has just started its operations in September, 2009. Hide