News
We are happy to share that we have partnered with Avanti Finance who are focussed on making affordable and accessible financial services a reality for the next 100 million people in India. Avanti currently collaborates with 80+ active partners such as MFIs, Social organizations, Digitech, Agtechs etc. to reach its services in 32 states across India.
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We are overjoyed and excited on ESAF Bank’s successful listing! Dia Vikas MD and CEO Ms Arpita Pal Agrawal joined the listing ceremony. Wishing ESAF Bank continued growth and success as they navigate this exciting new chapter in the market.
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We are elated to share that our MD & CEO Ms. Arpita Pal Agrawal has been elected as a Governing Board Member of Sa-Dhan Association, the first and largest association of community development finance institutions in India for supporting and strengthening the agenda of fostering Inclusive Impact Finance in India.
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We congratulate our partner ESAF Bank on the inauguration of its first Zonal Office in New Delhi by Dr. Bhagwat Kishanrao Karad, Minister of State, Ministry of Finance, Govt. of India in the presence of Shri. K. Paul Thomas, MD & CEO, ESAF SFB, and Smt. Mereena Paul, CMD, ESAF Financial Holdings. We hope that this milestone paves the way for the Bank to continue to expand in newer unbanked areas and holistically address the financial needs of the less privileged.
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Based on interviews with around 18,000 microfinance clients of 72 microfinance institutions (MFIs) in 41 countries, the research measured outcomes in five areas: access, business impact, household impact, financial management and resilience.
This is a resounding endorsement of their customer focus and impact having been also awarded the Gold certification, the highest standard, in the Client Protection Certifications assessment under the CERISE-SPTF framework in March 2023. https://lnkd.in/deGuR7k
Dia Vikas Capital Pvt. Ltd, Indian subsidiary of Opportunity International Australia Limited has exited from the RBI registered NBFC-MFI SATYA MicroCapital Ltd. Dia was the initial institutional investor in SATYA. The partnership lasted for 5 years, during which SATYA received equity infusion from Dia in three tranches.
SATYA is at the cusp of its expansion with strengthening of its business across corporate development, operations, customer success, marketing, and IT transformation. In addition to yielding financial aid to unbanked sections of the population, SATYA MicroCapital consistently associates with institutions of the same wavelength to disseminate the importance of digital and financial literacy in rural areas.
Click for more information: https://www.business-standard.com/content/press-releases-ani/dia-vikas-capital-a-subsidiary-of-opportunity-international-australia-makes-its-exit-from-satya-microcapital-122102800590_1.html