Arohan Financial Services
Region of operation
West Bengal, Assam, Bihar, Jharkhand, Odisha
PTI Building, DP 9, 4th Floor, West Wing, Service Rd, DP Block, Sector V, Salt Lake City, Kolkata, West Bengal Country: India Zip: 700091
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
Number of beneficiaries
Awards and recognition
Funding and Operating Model
Higher than Series B
Total funding raised
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
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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