"Disha Microfin among the 10 applicants to receive RBI approval in Sep-15 for setting up a Small Finance Bank"

Fincare Sarv Lok F F SPL Disha

Facilitating A Lifetime Of Progress At The Base Of Pyramid

Company Description


The Fincare platform comprises a portfolio of businesses providing financial and social inclusion at the base of the pyramid. With ‘Lifetime of Progress’ as its core DNA, Fincare operates three business verticals viz. Micro Finance (Group) Loans, Micro Enterprise Loans and Bank Partnership Loans. The Social objectives are carried out through a dedicated entity.

Business Profile

(31-Oct-16)

AUM - INR 1955 Cr

Footprint - 7 States,1 UT

Active clients - 12.6 Lakhs +

CEO - Rajeev Yadav

CFO - Keyur Doshi


The Fincare group has been granted in-principle approval to form a Small Finance Bank by the Reserve bank of India in September 2015. Basis this, Fincare is under transformation to integrate the resources of the group companies under the proposed Fincare Small Finance Bank. The transformation would enable Fincare to provide a holistic set of financial products covering the credit, savings, investment, insurance and payment needs of the underbanked customers.


PORTFOLIO


Microfinance Institutions

Disha Microfin and Future Financial Servicess are NBFC-MFIs registered with the Reserve Bank of India, providing affordable financial services to low income rural and semi-urban households, thereby aiding in their economic progress and facilitating their integration with the mainstream population.

Bank Partnership

Fincare Lok operates as a business correspondent for leading banks partnering their financial inclusion agenda by distributing loans and allied products.

Community Development

Fincare Sarv is a Section 8 company which has social progress of the base of pyramid households as its cause and works with NGOs and other partner organizations in taking up community development initiatives across the operating geographies