Arohan Financial Services




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Region of operation

West Bengal, Assam, Bihar, Jharkhand, Odisha

Headquarters address

PTI Building, DP 9, 4th Floor, West Wing, Service Rd, DP Block, Sector V, Salt Lake City, Kolkata, West Bengal Country: India Zip: 700091

Target problem

Arohan Financial Services aims to empower the under-served by offering a range of financial services, in a manner sustainable for all stakeholders.

Key product / Service

Micro-Insurance, Micro-Pension, Micro-Finance Loans

Team size


Number of beneficiaries


Awards and recognition

  • The Smart Campaign issued Arohan the Client Protection Certification in May 2015
  • MFI of the Year (small to medium category) award at the Microfinance India Summit in 2010
  • Srijan Microfinance Transparency award from Intellecap in 2010
  • Srijan Client-centric Product/Services by a MFI award from Intellecap in 2009 for innovative bazaar product
  • Social Performance Reporting Award from CGAP
  • Michael and Susan Dell Foundation and Ford Foundation in both 2010 and 2009 and the Microfinance Process Excellence Award from RBS and PlaNet Finance in 2008.

Funding and Operating Model

Funding round

Higher than Series B

Total funding raised

$ 4666666.67

Business details

Operating Model: Arohan follows modified Grameen methodology for its main microfinance product “Saral Loan”. The methodology primarily involves lending to women clients who organize themselves in joint liability groups (JLG) of five members and 2-6 JLGs form a center. The loan is given to the individual members. The group acts as a control mechanism which ensures that members do not make willful defaults. The group meetings take place at a fixed time and place every week, during the first half of the day. While loan repayments take place during the group meetings, loan disbursements take place at the branches during the second half of the day. Future Plans: The company will extend its presence in Odisha by the end of April 2015, and in 10 states over the next three to fine years, including Uttar Pradesh, Madhya Pradesh and Chattisgarh.They will soon start offering liability products as a BC (business correspondent) of partner banks.

Partners and key clients

HDFC Bank, DCB Bank, Axis Bank, IDBI Bank, IFMR, IndusInd Bank, Oiko Credit, ING Vysya Bank, SIDBI, Yes Bank, Ananya Microfianance, Standard Chartered, Capital First, BNP Paribas, Belwether Microfinance Fund

Images and trivia

Image gallery


In September 2012, Intellecap successfully advised Arohan Financial Services on the sale of its business to IntelleCash Microfinance Network. The transaction was valued at about USD 9.5 million and involved Aavishkaar Goodwell II, India Financial Inclusion Fund (IFIF), Michael & Susan Dell Foundation, and Bellwether Microfinance Fund as investors.


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