Belstar Investment & Finance Pvt Ltd

Belstar's vision is to evolve as a transparent, client-focused, sustainable, professionally managed and socially responsive microfinance institution facilitating financial inclusion with a focus on double bottom line.

2008

For-profit

Finance

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Details


Region of operation

Maharashtra, Madhya Pradesh, Karnataka, Tamil Nadu, Puducherry

Headquarters address

New No.33, Old No.14, 48th Street, 9th Avenue, Ashok Nagar, Chennai, Tamil Nadu Country: India Zip: 600083

Target problem

Belstar Investment & Finance Pvt Ltd is a highly developmental and socially oriented NBFC-MFI working closely with Hand-in-Hand India (HiH) in achieving its vision of alleviating poverty through job creation and integrated community development.

Key product / Service

Micro-Enterprise Loans

Team size

10-50

Number of beneficiaries

200000

Awards and recognition

Funding and Operating Model


Funding round

Series A

Total funding raised

$ 2500000

Business details

Belstar originally operated as a rural and semi-urban focused organization by providing Self Help Group based financial services. This population segment was highly underserved by formal financial institutions and presented a significant opportunity for Belstar to accomplish its financial inclusion objectives. By serving this population, Belstar has accumulated sizeable outstanding portfolio and will continue to spread its roots as one of the few MFIs that cater to this segment. Belstar has, resolved to expand the coverage to the urban and semi-urban poor by rolling out Joint Liability Group(JLG), which is the thrust area for its geographic diversification and for achieving rapid growth.

Partners and key clients

STATE BANK OF INDIA ANDHRA BANK CANARA BANK INDIAN OVERSEAS BANK MAANAVEEYA DEVELOPMENT & FINANCE P LTD RABO BANK INTERNATIONAL RELIANCE CAPITAL LIMITED PALLAVA GRAMIN BANK SOUTH INDIAN BANK ANANYA FINANCE FOR INCLUSIVE GROWTH IDBI BANK MAS FINANCIAL SERIVCES LIMITED STATE BANK OF PATIALA

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