About Jagaran microfin pvt ltd
Jagaran Microfin Pvt Ltd: Empowering the Underprivileged through Financial Inclusion
Jagaran Microfin Pvt Ltd is a leading microfinance institution in India that aims to empower the underprivileged by providing them with access to financial services. Established in 2006, Jagaran Microfin has been at the forefront of promoting financial inclusion and social development in rural and semi-urban areas of India.
With a mission to create sustainable livelihoods for the poor, Jagaran Microfin offers a range of financial products and services such as microcredit, microinsurance, savings accounts, remittance services, and financial literacy programs. The company operates through a network of branches across various states in India and serves over 100,000 clients.
Jagaran Microfin's commitment to social impact is reflected in its core values of transparency, accountability, customer-centricity, innovation, and teamwork. The company believes that access to finance can transform lives by enabling people to start or expand their businesses or meet their urgent needs without resorting to exploitative moneylenders.
One of Jagaran Microfin's flagship products is its microcredit program that provides small loans ranging from INR 5,000 ($68) to INR 50,000 ($680) for income-generating activities such as agriculture, livestock rearing, handicrafts making or trading. The loans are disbursed quickly with minimal documentation requirements and flexible repayment terms tailored to the borrower's cash flow cycle.
Another key offering from Jagaran Microfin is its microinsurance program that covers life insurance against accidental death or disability for both borrowers and non-borrowers at affordable premiums. This helps mitigate risks associated with unforeseen events such as accidents or illnesses that could derail one's economic progress.
In addition to these products and services aimed at improving economic well-being among low-income households,JagaranMicrofins also runs various community development initiatives such as health camps,sanitation drives, and women empowerment programs. These initiatives are designed to address the social and environmental challenges faced by the communities it serves.
Jagaran Microfin's commitment to excellence has been recognized by various national and international organizations. The company has won several awards for its innovative approach to microfinance, including the Best Microfinance Institution Award from ASSOCHAM in 2019.
In conclusion, Jagaran Microfin Pvt Ltd is a socially responsible microfinance institution that is making a positive impact on the lives of thousands of people in India. Its focus on financial inclusion, customer-centricity, and community development sets it apart from other players in the industry. With its strong track record of success and commitment to social impact,JagaranMicrofins is poised for continued growth and expansion in the years ahead.