WHAT-WE-DO---PICTUREMicrofinance is all about providing people living in poverty with a hand up. Instead of giving an one time hand out to few families, an investment in a microfinance institution leverages 6 times over and can serve many more poor families across India. By giving out small loans, families are able to start their businesses and thus transform their lives. Microfinance is a sustainable solution to poverty alleviation.

  • Small loans help families start their own business
  • Pensions help people support themselves in their elderly years
  • Savings help families to build their resilience and plan for the future
  • Water & sanitation loans and energy loans offer tailored loans to build water and sanitation and lighting and cooking gas infrastructure

Status of operations (as at March 31, 2016)

Name of MFI State/s No. of borrowers Loan outstanding (Rsm.)
Adhikar Microfinance Orissa, Andhra Pradesh, Gujarat 87,007 1002
Annapurna Mahila Cooperative Credit Society Maharashtra 56,691 677
Cashpor Micro Credit Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Uttar Pradesh 8,82,866 10142
C-DOT Bihar 6,005  47
EMFIL Bihar, Chhattisgarh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Puducherry, Tamil Nadu, West Bengal 964,366 19255
GO Finance Tamil Nadu, Chhattisgarh 57,092 829
Margdarshak Financial Service Ltd. Bihar, Haryana, Uttar Pradesh, Uttarakhand 133847  1642
Prayas Gujarat, Madhya Pradesh 21,707  208
RGVN (NE) Microfinance Arunachal Pradesh, Assam, Meghalaya, Nagaland, Sikkim, Tripura 3,03,784  4898
Sambandh Finserve Orissa, Jharkhand,Chhattisgarh 67,382  969
Samhita Madhya Pradesh, Uttar Pradesh, Chhattisgarh 1,27,579  1401
Shikhar Haryana, NCT of Delhi, Uttar Pradesh, Uttarakhand  40,927  518
TOTAL  27,49,253  41587

Dia Vikas Capital Pvt. Ltd India is a subsidiary of global microfinance and enterprise development impact investor – Opportunity International Australia, a member of the Opportunity International Network. Dia Vikas was established in early 2008 as a social investor to fill the gap of social investment and thereby support the growth of Indian microfinance sector and encourage the development of start-up operations in underserved areas. Dia Vikas partners with microfinance institutions to directly touch the lives of millions of people in profound need in an effective and very efficient way. Dia currently partners with 12 socially focused microfinance institutions that serve over 6.05 million poor through provision of credit, savings, insurance, remittance and pension products.

Mission, Vision, Values

Our mission is to provide opportunities for people in poverty to transform their lives. Our service partners assist millions of poor people to be lifted out of poverty permanently.

Our vision for India is to see local indigenous microfinance, livelihood and development service partners assist millions of poor people to be lifted out of poverty permanently.

Our Values
Commitment to the Poor
We focus our energy and efforts on our clients, their families and their communities. Their business needs and expectations determine the services we provide; their well-being inspires what we do.

Respect to all stakeholders
Our respect for one another compels us to value and fully affirm the dignity and uniqueness of each client. This respect is also the foundation for our relationships with our clients’ communities and our relationships with our stakeholders.

We commit to integrating actively what we believe and what we do. We will do the right thing for the right reasons, whether or not anyone will know.

We are committed to being good stewards of our own resources and those provided by our stakeholders by exercising thoughtful and cost effective use of our time, skills and finances. We strive for quality and seek to maximize the opportunities we have to fulfill our mission.

Opportunity International Australia


Opportunity International Australia provides small loans to families in developing countries to help them start a business earn an income and leave poverty behind. By helping a mother buy a sewing machine to start a tailoring business or a father buy seeds to plant a vegetable garden, small loans enable them to transform their lives, their children’s futures and their communities. With 98% of loans recycled, theimpact continues year after year.

Opportunity International Australia currently focuses its work in India, Indonesia, Philippines, China and Ghana. With more than 40 years’ experience working with the poor, Opportunity International Network is a leading provider and pioneer of socially focused microfinance and support services. Part of the global Opportunity International Network (with support members in the United States, United Kingdom, Canada, Singapore, Hong Kong and Germany), Opportunity is currently providing a way out of poverty for millions of people in more than 20 developing countries around the world.


The Dia Vikas Board has a team of committed professionals who volunteer their services and expertise to guide Dia Vikas in its endeavors. To effectively utilize the services of these professionals, several committees – including audit, remuneration and asset liability management – have been formed by the Board members


Robert Dunn
Chairman of Risk Management and Audit Committee

Robert Dunn has been a Director of Dia Vikas Capital since 2008 and was the Chairman from that time until May 2017. He held the role of the Chief Executive Officer and Director of Opportunity International Australia from 2008 to early 2018, having joined Opportunity in November 2006 as the Chief Financial Officer. In late 2017 Robert became the Executive Director of Opportunity International Global. He serves on the Boards of the Port Authority of New South Wales, BaptistCare NSW & ACT and Logosdor Limited. Prior to joining Opportunity, Robert was the Finance Director with Patrick Corporation for 14 years. He is a member of the Australian


Scott Norling

Scott is the Promoter and Managing Director of 4B Serve a company specializing in media communication. He serves as the International Consultant (Asia) Director of Joyce Meyer Ministries. He is a coalition builder, educator and pastor who has lived in India for over 30 years, serving the people of India through social service programs across the nation. Over the years he has built a number of churches and schools and developed infrastructure in small village communities including roads, sewers and hospitals.


Harry Turner
Member of Risk Management and Audit Committee and Remuneration Committee

Harry Turner is the Founder and Managing Director of TRNR LTD, a startup business incubator and consulting firm based in Oxford in the UK. Investments and clients to date include: i) cofounding The Wheelhouse Group Ltd, a start-up shared office space provider focused on building community for start-ups and freelancers in the UK; ii) cofounding Talanton Impact Fund, a US based social impact fund leveraging tax deductible money in Donor Advised Funds to make investments in Small Medium Enterprises in the developing world; iii) Non-Executive Director, consultant and investor in 3D Lifeprints, a start-up 3D printing company operating in the medical sector in the UK; and iv) Investor in Isity Global, a Singapore based energy efficiency  company acquired by Kollakorn Corporation Ltd (an ASX listed Company). Prior roles include co-founder and Senior Advisor to Openwell LLP (a UK based social impact consultancy firm), interim Head of Credit for Oikocredit International (a Dutch €1B social impact investment fund), where he was Global Chief Operating Officer of Opportunity International, responsible for microfinance program support in 27 countries, and Division Director at Macquarie Bank, where he grew and led a virtual,global, shared services group, managing a team of 1,000 people.

Meredith scott
Meredith Scott

Meredith has held the role of Chief Executive Officer of Opportunity since April 2018, following more than 32 years with Ernst & Young, including 19 years as an audit partner, and roles in the partnership governing bodies in Australia, Asia Pacific and at the global level. In addition to her role of Chief Executive Officer, she is the Deputy Chairman, Chair of the Finance and Audit Committees, and member of the Governance Committees of both Pymble Ladies’ College and Wesley Community Services Limited (the legal entity trading as Wesley Mission). Meredith is a Fellow of Chartered Accountants Australia and New Zealand, a Graduate of the Australian Institute of Company Directors, and holds an Honorary Fellow of Senate from Sydney University following ten years of serving on its Finance and Audit Committee.

Michelle Desa
Michelle has over 31 years of experience in trading equities and foreign exchange derivatives. A postgraduate in Finance from IIM Bangalore, she set up the Dealing Room and ran Global Markets for Chase Manhattan in India. Prior to that she worked for ANZ Grindlays Bank in Foreign Exchange and Risk Management. She has conducted Treasury and Risk Management programs for several Corporate houses, Commercial banks, Business schools and Central Banks in South Asia.


Mark Daniels
Mark Daniels joined Opportunity in 1998. As the Asia Programs Director he oversees Opportunity’s programs in India, Indonesia and Bangladesh. Mark has over two decades of experience in international finance, philanthropy and non-profit development, and has served on the boards for various organisations. Prior to Opportunity, Mark was a Senior Accountant at PricewaterhouseCoopers. Mark holds a Bachelor’s degree in Business and Accountancy from the University of Technology, Sydney. He is a CPA and Member of the Australian Institute of Company Directors.


Abraham Chacko

Abraham Chacko has four decades of experience in banking across various markets, namely- India, Middle East, Africa and Asia. In his last full time role as the Executive Director of The Federal Bank Ltd, India he was the second in command and oversaw Wholesale banking , SME, Agriculture and Financial Institutions. Prior to Federal Bank he spent 18 years in various countries with ABN AMRO Bank.

Abraham was Deputy CEO UAE covering various countries in the Middle East between 1992 and 1999. Thereafter he moved to Colombo as CEO Sri Lanka and then to Singapore in 2001 as a Regional Head-Trade sales for Asia Pacific, Middle east and Africa and later covered Cash Management for Asia too. He started his career as a Management Trainee with HSBC India where he spent 14 years in various roles.

He grew up in Kolkata and did his graduation from St Xaviers College and has an MBA from XLRI Jamshedpur.


Saneesh Singh

Mr. Saneesh Singh has over 28 years of experience in the fields of development banking, financial inclusion and social & impact investments. He is the MD & CEO of Dia Vikas  and leads Opportunity’s initiatives in India – it’s largest operation globally reaching out to over 13 million poor households, catalysing access to financial inclusion products and services viz. Micro loans, micro insurance, small savings, micro pensions etc, as also community development initiatives viz. health, sanitation, education, etc.

Saneesh has been engaged in institution building, mentoring and governance of major microfinance institutions and SFBs. He has served on key committees and industry forums associated with social performance, responsible finance and impact investments.

Saneesh had earlier worked in senior managerial capacities at SIDBI and was part of the core team that initiated SIDBI’s  highly successful microfinance program. He successfully implemented prestigious bilateral projects with UKAid, IFAD, World Bank Group, GIZ, etc. He played a key role in startup support and growth of Bandhan which is now a leading Universal Bank (Bandhan Bank). He has also been associated in the launch/ co-founding of ESAF SFB and North East SFB.

Saneesh holds a Master’s Degree in Social Work as well as in Systems Analysis and Design and is an Associate of the Indian Institute of Bankers. He is an Alumni of London School of Economics, Indian School of Business and Harvard Business School.  Saneesh is an Aspire and British Chevening Fellow and currently serves on the boards of several leading Financial Inclusion companies and Banks, including Cashpor Micro Credit Satya Micro Capital and ESAF Small Finance Bank etc



Manas Bid
General Manager

Manas holds a postgraduate degree in Rural Management from Xavier Institute of Social Service, Ranchi. He has over 21 years of experience in the microfinance sector, including with CARE India’s microfinance program in Tamil Nadu and West Bengal. His areas of expertise include sourcing and screening suitable equity investment opportunities in India, performing due diligence, analysing financial statements, risk assessments and equity valuations, and monitoring equity investment portfolios. He is also proficient in capacity building need assessments of MFIs, training design and delivery, and developing resource materials. He represents Dia on the boards of a number of Dia investees.

Saurabh Baroi Photograph  

Saurabh Baroi
General Manager

Saurabh holds a postgraduate degree in Rural Management and has over 19 years of experience in Microfinance. Prior to his current engagement with Dia he has worked with both international and national organisations including CARE India, Access Development Services and CAPART. Saurabh represents Dia in the boards of many Microfinance Investee Companies. Saurabh is primarily engaged in identifying suitable investment opportunities, institutional assessments, negotiating equity and debt transactions, researching business risks and opportunities, analysing of financial statements, monitoring of investee organisations, performing evaluations, mentoring and building the capacity of MFI personnel, and partnership management with the Investee Companies.

Photgraph of gulshan  

Gulshan Singh

Gulshan holds Master’s Degree in Finance with over 10 years of experience in various key positions in domain of finance. His brings to the company multi-faceted experience in corporate finance, internal audit and due diligence, financial analysis & planning, financial management, investment management & valuations. He is responsible for collecting financial information from our partners that are crucial covenants of our partnership agreements. He plays an important role in analysing financial reports of our partners and determining their financial health.
He had joined Dia Vikas in 2015 as MIS & Investment Manager, leading the management reporting function in the investment team. Previously, he has worked with various national & international organisations in managerial capacities.

nishtha Photograph  

Dhruv Sharma
Company Secretary

Dhruv has joined the team of Dia Vikas Capital Private Limited as a Company Secretary. He is a law graduate, an associate member of the Institute of Company Secretaries of India, holds a graduation and post-graduation degree from Delhi University and IGNOU respectively.He has over 8 years of extensive experience in corporate laws in India inconsultingfirms andmultinational companies.

Dhruv possesses expertise in corporate laws coupled with adequate functional knowledge of finance and taxation. He is acting as a main advisory/execution lead for all major projects and compliances for Dia Vikas Capital Private Limited, being the single point of contact for handling all secretarial compliances of the company.

Padma Rajpal Photograph  

Padma Rajpal
Program Manager- Social Performance Management

Padma joined the Dia team in 2016 as the Program Manager for Social Performance Management and has over 7 years of experience in various domains. A Post Graduate Diploma in Management and an Financial Risk Manager recognised by the Global Association of Risk Professionals, she brings to the company her experience in working with the non-banking financial companies in various roles in risk, audit and investment departments. She is currently leading the social performance initiatives of Dia Vikas, supporting its partners in managing social performance as they adapt and evolve to meet changing client needs. It is her responsibility to ensure that our partners’ mission is aligned to our social mission and support them by providing technical assistance in developing processes and systems that ensure responsible finance practices.