Janalakshmi Financial Services
Region of operation
Punjab, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Jharkhand, Madhya Pradesh, West Bengal, Gujrat, Maharashtra, Chattisgarh, Karnataka, Puducherry, Tamil Nadu
Rajashree Saroja Plaza, No 34/1, Andree Road, Shanthinagar, Bangalore, Karnataka Country: India Zip: 560027
Janalakshmi's mission is to emerge as a full scale financial services provider for the Indian sub prime sector. The sector includes the urban poor as well as the larger segment that has difficulty accessing financial services.
Key product / Service
Number of beneficiaries
Awards and recognition
Funding and Operating Model
Higher than Series B
Total funding raised
|Name||Round||Amount Raised||Type of Funding||Announced On||Web URL|
|India Financial Inclusion Fund||Higher than Series B||Equity|
|GAWA Microfinance Fund||Equity|
|Morgan Stanley Private Equity Asia||Higher than Series B||Equity|
|Tata Capital Growth Fund||Higher than Series B||Equity|
|Michael and Susan Dell Foundation||Equity|
|ORG Enterprises||Higher than Series B||Equity|
|Citi Venture Capital||Higher than Series B||Equity|
Operating Model: 1) JFS branches are monitored by a Branch Head (BH), and are divided into 2-3 “areas”, each monitored by an Area Head (AH). 2)JFS targets urban, low-income women, mostly working as domestic help, factory workers and doing some entrepreneurial activity either alone or with family members. 3)Each branch has at least 1 CRE-M( Customer Relationship Executive-Marketing) who identifies new areas for group formation and liaises with the public, explaining the terms and conditions of JFS’s loans to them. 4)The Customer Representatives -Sales (CRE-Ss) then train interested applicants over 2 days. 5) After a pre-disbursement confirmatory meeting which reiterates product terms, the disbursement is made at the branch.
Partners and key clients
The Michael and Susan Dell Foundation, Lok Capital, Bellwether Microfinance Fund, Tree Line Investment Management Limited, Citi Venture Capital International, India Financial Inclusion Fund (IFIF), Gawa Microfinance Fund I, Morgan Stanley Private Equity Asia, Tata Capital Growth Fund, QRG Enterprises
Images and trivia
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