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Microfinance

Our Microfinance Stats

No. of Villages

20000+

No. of Clients

425000+

AUM

1257+ Cr

Loan disbursed

2050+ Cr

SAVE MicroFinance Pvt.Ltd.(SMPL) is a NBFC-MFI (Non-Banking Finance Company – Micro Finance Institution), with its registered office at Delhi. SMPL has received its Certificate of Registration (COR) to work as NBFC-MFI from Reserve Bank of India on 05th October, 2017 (Registration No: N-14.03377). It is a new generation tech savvy microfinance institution which operates through Joint liability group(JLG) lending methodology and provides micro-credit services exclusively to women entrepreneur’s. A typical loan ticket size ranges between INR 15,000 – INR 60,000 and is given exclusively for Income generating activities such as small business, handicrafts, trade and services, agricultural and allied activities .SAVE leverages on its wide network of CSPs (Customer Service Points ) to provide both cash-in & cash-out at the door step of these women micro-entrepreneur’s.




Principal Products


25%
Average Lending Rate of Last Quarter Ending June 2023		 25%
Minimum Lending Rate		 25%
Maximum Lending Rate		 25%
( As per Board Approved Policy)
Name Customer Profile Loan Size (₹) Loan Tenure
Aarambh Rein Economically active women residing in low income areas, generally involved in trade & services. 20000-30000 18-24 Months
Aarambh Shree Rein Economically active women residing in low income areas, generally involved in trade & services. 35000-50000 24 Months
Pragati Rein Offered at closure of Loan IGL-01/AARAMBH REIN/Samman Rein to existing customers to augment their business 30000-40000 24 Months
Pragati Shree Rein Offered at closure of Loan IGL-01/AARAMBH REIN/Samman Rein to existing customers to augment their business 45000-60000 24 Months
Vridhi Rein(MTL) Offered at closure of Loan IGL-01/AARAMBH REIN/Samman Rein to existing customers to augment their business 15000-25000 12 Months
Graima Rein Offered at mid-term of IGL-01 M /Samman rein to existing customers for the water and sanitation purpose 15000-25000 12-18 Months

Methodology :

SAVE Microfinance is being conceived as a strong value-based and systems-driven company with a high level of customer focus, strong corporate governance and sound ethical practices. It is being proposed to bring organized financial services to a large number of poor clients who otherwise would not have access to credit and other financial services from any institutional agency.

Serving The Unbanked: With strategic focus on the most neglected markets, SMPL will work in the most under developed and under privileged areas of India. It proposes to do poverty alleviation through effective microfinance and banking methodologies and suitably modify them for the target clients.

Group Lending Model: In the field of traditional microfinance, SMPL will work on lines of the Grameen model which ensures that financing reaches each individual member of the group based on merit. SMPL will work on a robust risk control over the loan disbursement process, which is critical for its efficacy. The Grameen model will be suitably modified to a more practical and workable JLG model, considering the local condition. Re-payment rates on our collateral-free loans are 100% because of this systematic process.

       

Technology :

SMPL uses a comprehensive suite of real time, cloud-enabled mobile applications .All core processes within the microfinance operations starting from loan origination, credit bureau check, loan processing and loan management are done through highly digital platform which enables efficiency and high level of controls. SAVE Microfinance is the only microfinance in India which operates through its 100% cashless branches.