Microfinance Private Equity

Saija Microfinance recieves investment from Accion International

saija-microfinance

Accion has acquired a 49.5 % equity stake in Saija Microfinance for Rs 2.5 Crore(US $500,000).

Saija Finance Private Limited is a Non Banking Finance Company (NBFC) formed in April 2008 with a focus on providing microfinance services for the urban and rural poor, as well as micro and small businessmen in the underserved geographies of Northern India – Bihar, Jharkhand, Delhi, Rajasthan, Chhattisgarh and parts of Uttar Pradesh and Madhya Pradesh.

SAIJA has an aggressive expansion plan aiming to reach over 60,000 clients by year three and around 2.50 lakhs by year five.

Abhay N

Author : 

Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

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3 Comments

3 Comments

  1. sha navas

    December 13, 2009 at 10:59 pm

    sir,

    i am SHA NAVAS from INDIA ( KANNIYAKUMARI , TAMILNADU). i have more women and men self help groups. they want microfinance to improve there works. so i want your answers.

  2. ved prakash ojha

    December 26, 2009 at 4:09 pm

    Dear Sir,

    I am V.P.Ojha from sonebhadra district ,uttar pradesh, India. i have more men and women self help group. they want microfinance to improve there works. so i want your answers.

  3. B.Rajeswari

    March 28, 2010 at 6:19 pm

    Dear Sir /Madam,
    Our organisation working in Virudhunagar Dist Tamilnadu.Our PASS Organisation Start more SHGs . They want microfinanceto improve there workes. Ss, our need micro finance Please our need your postive answeres.
    Thanking ypu,
    B.Rajeswari,
    PASS – Director.

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