Utkarsh MFI gets capital infusion from Aavishkaar Goodwell

Utkarsh has received subscription amount of Rs 6 crore in June 2011 from Aavishkaar Goodwell for issuing compulsory convertible debenture. This has increased the net worth of the company from Rs 12  crore to Rs 18.6 crore.

utkarsh microfinance up

Utkarsh joins the Highmark Credit Bureau

Utkarsh has also joined Highmark, a credit bureau which specializes in providing data of microfinance clients. With more players joining the credit bureau, the process of approval of loans to micro-credit borrowers will become more transparent and information driven. Utkarsh is  has begun providing updated data to Highmark Credit Bureau.

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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