PROJECT

Projects

Summary of Investment Information

Project Number

41105

Company Name

AROHAN FINANCIAL SERVICES PRIVATE LIMITED

Date SPI Disclosed

May 7, 2018

Country

India

Region

South Asia

Projected Board Date

Jun 10, 2018

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Apr 4, 2024

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Jun 11, 2018
Signed : Jul 20, 2018
Invested : Oct 25, 2018

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

 The proposed investment envisages a senior debt investment in Arohan Financial Services Private Limited (“Arohan” or the “Company”) which is a Reserve Bank of India (“RBI”) registered non-banking finance company microfinance institution (“NBFC-MFI”). As of March 31, 2018, the Company operates in 9 Indian States through 435 branches and has around 1.1 million active customers and gross assets under management of approximately INR 21.71 billion. IFC’s proposed investment will help Arohan to diversify its sources of funding and to expand the outreach of access to microfinance to borrowers who have little or no access to formal sources of financing.

                                                  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation