Bharat Financial Inclusion Loans and Financial Inclusion in India

Bharat Financial Inclusion offers microfinance loans to low-income individuals in India. The company has a strong presence in rural areas, where access to formal banking services is limited.

These loans are designed to help people meet their daily needs and invest in small businesses. For instance, a borrower might use a loan to buy a cow to start a dairy business.

Bharat Financial Inclusion has a large customer base, with over 3 million active borrowers across the country. The company's focus on financial inclusion has helped many people break the cycle of poverty.

The average loan amount disbursed by Bharat Financial Inclusion is around ₹20,000. This amount may seem small, but it can make a significant difference in the lives of borrowers who rely on it for their daily needs.

Bharat Financial Inclusion has received significant funding to support its growth. The company received a $200M funding round in April 2015.

One notable funding round was in September 2016, where Bharat Financial Inclusion raised $112M. This funding was categorized as a post-IPO round.

Here's a list of Bharat Financial Inclusion's funding rounds:

Bharat Financial Inclusion has a diverse group of institutional investors, including 23 investors. These investors include notable names such as Sandstone Capital, SIDBI, and Catamaran.

For another approach, see: Most Important Financial Ratios for Investors

Bharat Financial Inclusion has raised a total funding of $144M over 15 rounds. Its first funding round was in 2005.

The company has received significant funding in recent years. In 2016, Bharat Financial Inclusion raised $112M in a funding round. This was followed by a $200M funding round in 2015.

The funding rounds in 2016 and 2015 were both classified as "Post IPO" rounds. This indicates that the funding was received after the company went public.

Here are the details of the recent funding rounds of Bharat Financial Inclusion:

Bharat Financial Inclusion has a diverse range of institutional investors.

The company has 23 institutional investors, showcasing the breadth of support it has received.

Bharat Financial Inclusion has several competitors in the market, with Ujjivan Small Finance Bank ranking first in terms of overall rank. Ujjivan Small Finance Bank has received $154M in total funding from investors like Sequoia Capital and IFC.

These investors have a significant stake in the company, with Sequoia Capital being one of the most notable ones. Sequoia Capital has invested heavily in Ujjivan Small Finance Bank, providing the necessary funding to help the company grow.

Some of the notable competitors of Bharat Financial Inclusion include AU Small Finance Bank and Jana Small Finance Bank. Both of these companies have received significant funding from investors like Warburg Pincus and HarbourVest Partners.

Here's a list of the top 5 competitors of Bharat Financial Inclusion, along with their total funding and investors:

These competitors are all working towards providing financial inclusion to low-income individuals and women in India, making it a competitive market for Bharat Financial Inclusion.

Bharat Financial Inclusion has been recognized for its efforts in financial inclusion by various organizations, including the United Nations.

The company was awarded the "Best Microfinance Institution" award at the Indian Microfinance Awards in 2015.

Bharat Financial Inclusion has also been listed on the BSE Sensex and the NIFTY 500, making it one of the largest microfinance companies in India.

Bharat Financial Inclusion has a strong presence in rural India, with a network of over 3,000 branches across the country.

The company has also been recognized for its commitment to financial inclusion, with a rating of "A-" from the rating agency, CRISIL.

For more insights, see: Bharat Masrani Salary

Microfinance is an alternative to banks for people who live in remote villages or have no access to credit in the formal banking system.

In India, a significant percentage of people are not covered by the formal banking system, making it difficult for them to get loans from banks.

Recommended read: Financial Ratios in Banking

Banks demand a steady source of income, worthy collateral, and a good credit score, which many people in rural areas or unorganized sectors do not have.

Microfinance companies, like Annapurna Microfinance, Cashpor Microfinance, and Chaitanya India Microfinance, step in to provide micro credit to small entrepreneurs and individuals in these areas.

These companies identify and support people who have the potential to uplift their lives through financial assistance.

Microfinance benefits people involved in professions like fishery, artisans, construction works, vendors, and small entrepreneurs who work in unorganized sectors.

Individuals like those who work in remote villages or slums in urban areas can access microfinance through companies like Asirvad Microfinance and Mahasemam Trust Microfinance.

Microfinance companies provide financial assistance to economically weaker sections of people, enabling them to start small businesses, build low-cost houses, and get sanitation facilities.

Bharat Financial Inclusion Limited provides products and services like Income Generation Loan - Aarambh, Mid-Term Loan - Vriddhi, and Emergency Loan - Sahayta, which cater to the needs of poor women in rural areas.

These loans are designed to be repaid within a short period, usually between 25 to 104 weeks, with interest rates ranging from 19.70% to 19.75%.

The goal of microfinance is to provide a financial opportunity to poor people to become self-supportive and to those who did not have to avail formal credit.

Microfinance is an essential service that bridges the gap between the formal banking system and the unbanked population in rural areas.

Bharat Financial Inclusion Limited offers a range of loan options to support the financial needs of poor women and their families. One of the loan options is the Income Generation Loan - Aarambh, which provides up to INR 20,010 at a 19.75% interest rate with a maximum tenure of 50 weeks.

The loan can be used to support micro businesses, and borrowers can get additional loans if they have diligently repaid the initial loan. The loan amount is determined based on the borrower's repaying capacity.

Under the Mid-Term Loan - Vriddhi scheme, borrowers can get loans up to INR 38,635 at a 19.75% interest rate with a maximum tenure of 2 years and 104 weeks. This loan can be used to purchase essential items such as solar lights, water purifiers, and sewing machines.

Bharat Financial Inclusion Limited also offers a loan option for low-cost house building, with a loan amount up to INR 5290 at a 19.70% interest rate with a maximum tenure of 25 weeks.

Here are the loan options offered by Bharat Financial Inclusion Limited:

Bharat Financial Inclusion Limited's loan options are designed to support the financial needs of poor women and their families, and can be used for a variety of purposes such as micro business units, low-cost house building, and purchasing essential items.

In India, many people struggle to access loans and credit cards due to a lack of credit history. This can make it difficult to get a loan or credit card, even for those who need it most.

Bharat Financial Inclusion offers microfinance loans to individuals with no credit history, with loan amounts ranging from ₹5,000 to ₹1 lakh. The loan tenure can be up to 36 months.

The interest rate for these microfinance loans is competitive, ranging from 18% to 30% per annum. This is a relatively affordable option for those with no credit history.

Explore further: Synchrony Financial Loans

Bharat Financial Inclusion also offers credit cards for individuals with no credit history, with a credit limit of up to ₹50,000. This can be a great option for those who want to build their credit score.

To be eligible for these loans and credit cards, individuals must have a steady income and a valid identity proof. This makes it easier for those with no credit history to access credit.

Bharat Financial Inclusion is a company that has been making a significant impact in the financial inclusion space.

The company was founded in 1993 and is headquartered in Hyderabad, India.

Bharat Financial Inclusion offers a range of financial services including microfinance, small business loans, and savings accounts.

The company has a strong presence in rural India, with a focus on serving the underserved population.

Bharat Financial Inclusion has a customer base of over 3.5 million customers across the country.

The company has been recognized for its efforts in financial inclusion, winning several awards and accolades.