Margdarshak Financial Services Ltd - Increasing access to financial services in Uttar Pradesh
Margdarshak Financial Services Ltd
Increasing access to financial services in Uttar Pradesh
The microfinance institution (MFI) Margdarshak Financial Services Ltd (MFSL), founded in Uttar Pradesh in 2004, is part of the Margdarshak Group. MFSL focuses on financial inclusion and microfinance in northern India. It serves thousands of women, and their families, through a network of branches in Uttar Pradesh, its focus state, and the state of Bihar.
The states in which MFSL operates are among India's least developed states. Access to financial services is limited and many people rely on MFIs to start up a small business or finance their income-generating activities. There are many micro entrepreneurs and highly skilled craftspeople in these states.
MFSL operates in areas that are underserved by other MFIs. Social performance is high on the agenda and MFSL uses the progress out of poverty index (PPI) to monitor clients.
MFSL has been an Oikocredit partner since 2011.Download this project as a PDF