M Power Micro Finance Pvt Ltd

2009

For-profit

Finance,Microfinance

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Details


Region of operation

Maharashtra, Gujrat, Rajasthan

Headquarters address

M Power Micro Finance Pvt. Ltd. B/212, Arjun Centre, Plot No.231, Govandi Station Road, Govandi, Mumbai Country: India Zip: 400088

Target problem

M Power Micro finance would strive to Nurture the many dreams of the BOP segment and try and address the challenges to transform the lives of the poor at large.

Key product / Service

Micro-Enterprise Loans

Team size

10-50

Number of beneficiaries

52000

Awards and recognition

Funding and Operating Model


Funding round

Series A

Total funding raised

$ 673000

Business details

Operating Model: HEAL 1) H- Healthcare- The Company would address the need for better healthcare by focusing on Healthcare insurance. The company would associate itself with insurance service providers for this activity. 2)E- Education and Environment- The company would address the need to educating the masses by enabling basic education through tie-ups with NGOs. 3)A-Awareness- The Company would strive to address the need for better Awareness among the masses providing support in the form of funds, knowledge and technology. 4)L-Livelihood-The Company, through its Microfinance and other support initiatives would set-up livelihood initiatives.

Partners and key clients

Intellecash, Paripoorna, Kotak Life Insurance

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