Adhikar Microfinance Pvt. Ltd - Sustainable financial services to empower low-income clients
Adhikar Microfinance Pvt. Ltd
Sustainable financial services to empower low-income clients
The non-banking financial company and microfinance institution Adhikar Microfinance Private Limited (Adhikar) has been registered with the Reserve Bank of India since 1997. Adhikar has been an Oikocredit partner since 2010.
The company focuses on providing financial services to low-income people in areas where access to such services is poor. The company currently operates in 19 districts in the State of Odisha, one district in the State of Gujarat and two districts in the State of Chhattisgarh (2018).
Adhikar has adopted the Joint Liability Group (JLG) methodology for its microfinance operations. Clients form small groups and receive compulsory group training from field staff on product details, rules, policies and procedures. Groups who successfully complete the training programme become eligible for a loan and can start working towards improving their livelihoods.
The company currently offers four types of loans focused aimed at income generation, home improvement, water and sanitation, and energy.Download this project as a PDF