Wednesday, December 2, 2009

Saija Microfinance recieves investment from Accion International

Accion has acquired a 49.5 % equity stake in Saija Microfinance for Rs 2.5 Crore(US $500,000).
Saija Finance Private Limited is a Non Banking Finance Company (NBFC) formed in April 2008 with a focus on providing microfinance services for the urban and rural poor, as well as micro and small businessmen in the underserved geographies of Northern India – Bihar, Jharkhand, Delhi, Rajasthan, Chhattisgarh and parts of Uttar Pradesh and Madhya Pradesh.
SAIJA has an aggressive expansion plan aiming to reach over 60,000 clients by year three and around 2.50 lakhs by year five.

1 comment:

Lesley said...

Micro finance is not completed with out the insurance planning as well.When we talk about micro economics or micro finance then we also discus the life insurance, because the life insurance is really wise future planning. And I found life insurance south dakota as the best life insurer who also care about you monthly budget as well.