BSS Microfinance Pvt Ltd

To see an India where every child, woman and man can be the best that God meant for him or her to be, without the burden of poverty.

2008

For-profit

Finance

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Details


Region of operation

Karnataka, Maharashtra

Headquarters address

No.11, 2nd Stage, 2nd Block, Outer Ring Road, Near BDA Complex, Nagarabhavi layout, Bangalore Country: India Zip: 560072

Target problem

To do large scale poverty alleviation by providing micro-finance services to poor women, and through them to their families, facilitating increased earnings, better money management, and life quality improvement.

Key product / Service

Micro-Finance Loans

Team size

1-9

Number of beneficiaries

200000

Awards and recognition

  • CRISIL Rating mfr3

Funding and Operating Model


Funding round

Series A

Total funding raised

$ 3333333.34

Business details

BSS Microfinance have adopted Joint Liability Group (JLG) method of lending, through which we lend to group based women, on Center / Group (up to 6 sub-groups) recommendation and guarantee. At present, we have only one project, called "BSS Microloan Project", (Group Lending Program) in which, we follow basic principles of original methods of Grameen Bank of Bangladesh with suitable local modifications. Presently, in our Group Lending program, only women can join.

Partners and key clients

IDBI Bank, Andhra Bank, Dena Bank, Canara Bank, SBI, Axis Bank, South Indian Bank, SIDBI, MAS Financial Services, Kredits Microfinance Solutions

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