Business Expansion Loans
Name : Kamla Ben Place : Padra (Vadodara) Business : Tea Shop
Kamla Ben and her husband run a tea shop outside the bus stand of Padra. They were operating business from the footpath. They wanted to expand their business and purchase a Hand Cart but had no money. Our CM during his routine promotion, met Kamla Ben and told her about M Power and its finance schemes which helps needy. She along with few other women availed the income generation loan from M Power for Rs12000/- After availing the samruddhi loan she opened the tea shop outside the bus stand of Padra. Both Kamla ben & her husband are managing the tea shop. Once the existing loan gets over she wish to take another loan and open a juice shop.
Name : Kapuben Ashwinbhai Place : Atladra Business : Tailoring
Kapuben was very poor. She & her husband used to generate income by stitching clothes. They both wanted to expand their business. She heard about M Power Micro Finance Pvt Ltd through her friends. She got a loan of Rs12000/- With this amount she purchased a sewing machine, with which she could stitch clothes, bags etc quickly. Her income has grown 3 times. Her child goes to private school and she wants him to be a graduate.
She has again taken a 2nd cycle loan from our company & purchased a new sewing machine. Now tailoring has become her family business & they thank M Power for all the support & help they have given.
Name : Jubedaben Salimbhai Vora Place : Nadiad Business : Dairy business
Jubedaben Salimbhai Vora used to collect milk from the locals and supply it to co-op dairy at her village. She wanted to do something on her own. So they decided to keep the milk themselves which they collected from the village and then purchase a machine which separates fat from milk. From the fat she wanted to make Ghee, Paneer and sell the same along with milk, buttermilk, curd etc in the market. The family decided that she will take care of milk collections and making ghee. Her husband would sell the milk and other products in Chaklasi (village they live) and her Mother in Law will go to Nadiad and sell milk and other products.
She approached M Power along with few other women and explained the proposal to the Centre Manager. Looking at her profile and business the loan was sanctioned and she bought the machine and other things required for her business. The total cost of the machine was Rs25000/- M Power sanctioned a loan of Rs12000/- and balance amount she contributed.
Name : Kuvarben Place : Ahmedabad Business : Kiran Shop
Kuvarben runs a kirana shop at Kuber Nagar. She was earning Rs 80 – Rs100 a day. She wanted some money to invest in her business so that she can increase her earnings.
She approached M Power Micro Finance Pvt Ltd and got a loan of Rs12000/-. With that amount she improved her business by purchasing more products for her kirana shop. She is very happy now.
M Power Micro Finance Pvt Ltd is a NBFC-MFI, incorporated on 19th November 2009 with its registered office situated in Mumbai, Maharashtra. The company has obtained the RBI license to operate as a Non-Deposit taking Non-Banking Finance Company
|State Covered :||3||No of Districts :||18|
|No of Branches :||37||No of Centers :||9565|
|Group Covered :||24464||No of Members :||85590|
|Total Outstanding Amount (in Crs) :||Rs. 137.66 Cr|
|Total Cumulative Disbursement (in Crs) :||Rs. 431.43 Cr|
Au Financiers (India) Limited is a Non Banking Finance Company, registered with Reserve Bank of India, incorporated in the year 1996 under the provisions of the Companies Act, 1956 by Mr.Sanjay Agarwal, Chartered Accountant and first generation entrepreneur. Au Financiers is Systemically Important Asset Finance Company (NBFC-ND-AFC-SI) of Rajasthan. Au Financiers is registered as Non Deposit accepting NBFC with RBI.
Au Financiers is leading Non-banking finance company (NBFC) engaged in business of originating Small Road Transport Operator (SRTO) and Micro, Small and Medium Enterprise (MSME) loans in rural and semi-urban areas covering 10 states Rajasthan, Maharashtra, Gujarat, Goa, Punjab, Madhya Pradesh, Chhattisgarh, Delhi-NCR, Haryana and Himachal Pradesh.
Au Financiers has set of marquee investors i.e. Motilal Oswal Private Equity, International Finance Corporation(Member, World Bank Group), Warburg Pincus and Chrys Capital.
DCB : DCB appointing M Power Micro Finance as their Business Correspondent for Asset Products. In the Picture from L to R are Balaji V, COO & Director of M Power Micro Finance ; K M Vishwanathan, CEO & Director of M Power Micro Finance; Atul Kumar, Head, Product & Strategy- Agri & Inclusive Banking, DCB Bank; Rajendra Nigam, Senior Manager, Credit Administration, DCB Bank
TATA Capital : KM Vishwanathan, CEO & Director, M Power Micro Finance accepting the agreement from Dennis Varghese, Head- Agri Initiatives, Tata Capital, being appointed as Business correspondent for providing loans to Individuals.
The company has reached a loan book size of Rs.100 Cr. (AUM) as on October 2015
The company has successfully achieved CARE Bank Rating as BBB (-). for Rating Rationale Click Here