About Arohan Financial Services Limited
Arohan Financial Services Limited is a Kolkata-based microfinance institution that provides group and individual credit products to customers in Assam, West Bengal, and Bihar. The company was founded in 2006 with the aim of providing financial services to the underserved and unbanked population of India. Since then, Arohan has grown into one of the leading microfinance institutions in the country.
Arohan's mission is to empower its customers by providing them with access to affordable credit and other financial services. The company believes that access to finance can help people improve their lives by enabling them to start or expand businesses, invest in education or healthcare, or meet unexpected expenses.
One of Arohan's key strengths is its focus on customer-centricity. The company understands that each customer has unique needs and challenges, and it strives to provide personalized solutions that meet those needs. Arohan's loan products are designed to be flexible and affordable, with repayment terms tailored to each customer's cash flow.
Arohan offers both group loans and individual loans. Group loans are provided through self-help groups (SHGs), which are groups of women who come together for mutual support and empowerment. Arohan provides these groups with training on financial literacy, business management, health awareness, etc., as well as access to credit.
Individual loans are provided directly to customers who do not belong to an SHG. These loans can be used for a variety of purposes such as starting a small business or meeting personal expenses like medical bills or home repairs.
In addition to credit products, Arohan also offers other financial services such as savings accounts, insurance products (life insurance & health insurance), remittance services (money transfer), etc., which help its customers manage their finances more effectively.
Arohan has a strong presence in Assam, West Bengal & Bihar where it operates through a network of branches & field officers who work closely with local communities. The company employs over 10k people across India including more than 7k women employees making it one of the largest employers in this sector.
The success story behind Arohan Financial Services Limited is inspiring because they have been able not only able grow but also maintain high standards while doing so; this has earned them several awards over time including "Best Microfinance Institution" at ASSOCHAM Banking & Finance Awards 2021 among others
In conclusion,Arohan Financial Services Limited stands out from other microfinance institutions due its commitment towards empowering individuals through customized solutions tailored towards their specific needs.Their focus on customer-centricity coupled with innovative product offerings makes them an ideal partner for anyone looking for reliable financial assistance.Apart from being an industry leader,AFL also plays an active role within local communities where they operate by supporting various social initiatives aimed at improving livelihoods.This makes AFL not just another lender but rather,a partner committed towards creating positive impact within society while delivering value-added services .
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