Premier 23 Microfinance Lending Companies Unveiled
Premier 23 Microfinance Lending Companies Unveiled
Microfinance lending industry operates in a niche segment providing credit facilities, predominantly to the underprivileged who lack access to traditional banking services. This industry is primarily made up of microfinance institutions and community development financial institutions. These companies primarily offer small loans to microenterprise owners, low-income earners and self-help groups who otherwise have limited access to banking or financial services. In addition, essential financial services like savings and insurance are also offered. Riding on the wave of fintech and digital banking, the industry is heading towards providing seamless digital microfinance solutions.
Top 23 Microfinance Lending Companies
1. The Muthoot Group
- Website: muthootfinance.com
- Headquarters: New Delhi, New Delhi, India
- Founded: 1887
- Headcount: 10001+
- Latest funding type: Post Ipo Debt
Muthoot Finance Ltd is a trusted financial services company that has been in operation for 800 years. The company offers loans against gold ornaments and provides financial solutions to individuals who have gold but cannot access formal credit. With competitive interest rates and a commitment to customer trust, Muthoot Finance aids customers in meeting short-term liquidity requirements.
2. Satin Creditcare Network Limited
- Website: satincreditcare.com
- Headquarters: Gurgaon, Haryana, India
- Founded: 1990
- Headcount: 10001+
- Latest funding type: Post Ipo Debt
Satin Creditcare Network Ltd. is a leading microfinance company in India. They offer financial solutions to excluded households at the bottom of the pyramid. With a Gross Loan Portfolio of INR 7,617 Cr, they aim to be a 'one-stop' solution for their customers' financial requirements.
3. CreditAccess Grameen Limited
- Website: creditaccessgrameen.in
- Headquarters: Bengaluru, Karnataka, India
- Founded: 1999
- Headcount: 10001+
- Latest funding type: Post Ipo Debt
CreditAccess Grameen is a company that provides timely and affordable credit to low-income families in India. They offer a range of financial products including microfinance loans, home improvement loans, retail finance, and life insurance. Their aim is to support the socio-economic growth of low-income households in the hinterland.
4. ASA Philippines Foundation
- Website: asaphil.org
- Founded: 2004
- Headcount: 10001+
- Latest funding type: Debt Financing
ASA Philippines Foundation, Inc. is a company that offers microfinance services to the poor. They provide financial assistance to clients through loans and savings. With a team of Microfinance Officers who directly interact with clients, ASA Philippines Foundation aims to uplift the lives of individuals in need.
5. ASA International
- Website: asa-international.com
- Headquarters: Amsterdam, North Holland, Mauritius
- Founded: 2007
- Headcount: 10001+
ASA International is one of the world's largest microfinance institutions providing small, socially responsible loans to low-income entrepreneurs in Asia and Africa.
6. Asirvad Microfinance Limited - Official Page
- Website: asirvadmicrofinance.co.in
- Headquarters: Chennai, Tamil Nadu, India
- Founded: 2007
- Headcount: 5001-10000
- Latest funding type: Debt Financing
Asirvad Micro Finance Limited is a financial institution that provides microfinance and gold loan services. They offer financial assistance to empower the members at the bottom of the pyramid. With a network of branches, they serve customers in Tamil Nadu and other regions. Asirvad has a diverse portfolio of products, including microfinance, MSME loans, and gold loans. They ensure compliance with RBI regulations and maintain a fair practice code. As an NBFC, they prioritize corporate governance, customer satisfaction, and social responsibility.
7. VisionFund International
- Website: visionfund.org
- Headquarters: London, Iloilo, United Kingdom
- Founded: 2003
- Headcount: 5001-10000
VisionFund is a microfinance organization that empowers individuals through providing financial services. They focus on serving vulnerable populations and helping them overcome poverty by offering loans, savings group programs, and insurance services.
8. Tanmeyah Micro Enterprise Services
- Website: tanmeyah.com
- Headquarters: Cairo, Al Qahirah, Egypt
- Founded: 2009
- Headcount: 1001-5000
- Latest funding type: Acquired
Tanmeyah is a microfinance organization offering a range of financial services including micro enterprise loans, very small enterprise loans, individual lending, and light vehicle loans.
9. Social Fund for Development
- Website: sfd-yemen.org
- Headquarters: Sanaa, Sana'A, Yemen
- Headcount: 10001+
Sfd-yemen.org is a financial institution focused on providing small and micro loans in Yemen. They aim to support and promote the development of small businesses through financial services and non-financial support.
10. Amartha
- Website: amartha.com
- Headquarters: Jakarta Selatan, Jakarta, Indonesia
- Founded: 2010
- Headcount: 1001-5000
- Latest funding type: Series Unknown
Amartha is a microfinance fintech company that provides investment opportunities for micro and small businesses. With an annual flat profit rate of up to 15%, Amartha offers a platform for investors to fund and support these businesses.
11. Kiva
- Website: kiva.org
- Headquarters: San Francisco, California, United States
- Founded: 2005
- Headcount: 51-200
- Latest funding type: Grant
Kiva.org is an online platform that enables individuals to lend money to entrepreneurs in underserved communities around the world. Through Kiva.org, lenders can contribute as little as $25 to help a borrower start or grow a business, go to school or improve their living conditions. Kiva.org aims to alleviate poverty and empower individuals through microfinance.
12. Shakti Foundation for Disadvantaged Women
Shakti Foundation is a company that offers financial services and empowerment programs to individuals and communities in need. They provide microfinance loans, skill development training, and support for small businesses to improve livelihoods and reduce poverty.
13. Tamweelcom
- Website: tamweelcom.org
- Headquarters: صويلح, محافظة عمان, Jordan
- Founded: 1999
- Headcount: 201-500
Tamweelcom is a financial institution that offers business and retail loans, with a focus on empowering Jordanian women economically and socially. They provide individual and group loans for core lifestyle, healthcare, education, and home improvement needs. The company aims to support small and micro-entrepreneurs by offering tailored financing solutions.
14. Subhlakshmi Finance Pvt Ltd
- Website: subhlakshmi.in
- Headquarters: Gurugram, Haryana, India
- Founded: 1996
- Headcount: 201-500
Subhlakshmi Fintech Pvt. Ltd. is a financial institution that provides business loans to small and micro enterprises. They aim to unlock the untapped market of funding for small and micro enterprises. They offer various financial products such as small ticket business finance, loan against property, mortgage finance, EV vehicles finance, and cattle finance.
15. Rizal Microbank (Subsidiary Bank of RCBC)
- Website: rizalmicrobank.com
- Headcount: 201-500
Rizal MicroBank is a thrift bank focused on providing loans to microenterprise and small business operators, as well as value chain players in the agricultural sector. With 17 branches and branch-lite units across Luzon, Visayas, and Mindanao, Rizal MicroBank aims to build a financially inclusive community through microfinance.
16. Microcredit
- Website: microcredit.ua
- Headquarters: Obolonskyi District, Kyiv City, Ukraine
- Founded: 2010
- Headcount: 201-500
Microcredit.ua offers small loans without collateral or guarantors. Customers can borrow up to 7,000 UAH for up to one year and make monthly payments. The company provides a convenient and fast online application process, catering to individuals who need immediate financial assistance.
17. SelFin India Financial Services Private Limited
- Website: selfinindia.com
- Headquarters: Mumbai, Maharashtra, India
- Founded: 2015
- Headcount: 51-200
SelFin is a licensed NBFC (Non-Banking Financial Company) by RBI (Reserve Bank of India) that prioritizes and provides lending services to small and medium businesses. They offer a wide range of financial products in partnership with India's top financial institutions, aiming to meet the diverse needs of businesses across the country.
18. Ms Fincap Private Limited
- Website: msfincap.com
- Headquarters: Jaipur, Rajasthan, India
- Founded: 2017
- Headcount: 51-200
MS Fincap is a Non Banking Financial Company that offers innovative financial solutions to various segments including MSMEs, students, parents, and educational institutions. They provide small ticket business loans, fee loans, and secured loans to entrepreneurs and institutes. Their products are designed to leverage collateral based on monthly cash flows and help in business expansion and growth. With transparent processes and flexible repayment options, MS Fincap aims to empower young entrepreneurs and contribute to the Indian economy.
19. Vistaar Financial Services Pvt Ltd
- Website: vistaarfinance.com
- Headquarters: Bengaluru, Karnataka, India
- Founded: 2010
- Headcount: 1001-5000
- Latest funding type: Acquired
Vistaar Finance is a financial services company that focuses on providing loans and financial solutions to small businesses in India. They specialize in serving the missing middle segment that is not effectively served by the formal financial system. Vistaar aims to empower entrepreneurs by offering appropriately designed SME business loans and other financial services. With a well-diversified portfolio across sectors and geographies, Vistaar is committed to de-risking while meeting customer demands.
20. Aye Finance Pvt. Ltd
- Website: ayefin.com
- Headquarters: Gurgaon, Haryana, India
- Founded: 2014
- Headcount: 1001-5000
- Latest funding type: Debt Financing
Ayefin.com is a financial services company providing secured and unsecured small business loans for working capital requirements. They aim to address the unmet credit needs of micro businesses in India, with innovative underwriting, smart technology, and deep analytics.
21. SIDBI(Small Industries Development Bank of India)
- Website: sidbi.in
- Headquarters: Lucknow, Uttar Pradesh, India
- Founded: 1990
- Headcount: 501-1000
SIDBI is a development financial institution in India that focuses on the growth and development of Micro, Small, and Medium Enterprises (MSMEs). It offers various financial and non-financial services to support MSMEs, including funding, business development services, and access to markets. SIDBI also collaborates with government agencies, multilateral agencies, and other organizations to promote entrepreneurship and innovation.
22. Msmedaeg
- Website: msmeda.org.eg
- Headquarters: Ad-Duqqi, Al Jizah, Egypt
- Headcount: 1001-5000
MSME Development Agency offers support and services to small and medium-sized enterprises in Egypt.
23. Celtic Bank
- Website: celticbank.com
- Headquarters: Salt Lake City, Utah, United States
- Founded: 2001
- Headcount: 51-200
Celtic Bank is a financial institution that supports local businesses and community entrepreneurship in Salt Lake County, Utah. They offer micro-loans to help local businesses thrive.
Want to find more microfinance lending companies?
If you want to find more companies that cater to underserved demographics, offering financial aid, loans and insurance products you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.
With Inven you'll also get to know the company's:
- Ownership: Which of these are private equity backed? Which are family-owned?
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...and a lot more!
