• Tue. Nov 29th, 2022

SAVE Microfinance Pvt. Ltd., an NBFC-MFI achieves an Assets Under Management of Rs. 702.71 Crores as of 31st August 2022

Sep 23, 2022
Ajeet kumar Singh, MD SAVE Microfinance Pvt. Ltd

23rd September 2022: SAVE Microfinance Pvt. Ltd., an NBFC-MFI (Non-Banking Finance Company – Micro Finance Institution), a subsidiary of SAVE Solutions Pvt. Ltd. has recently achieved an AUM (Assets Under Management) of Rs 702.71 Cr as on 31st August 2022. To accomplish this AUM, Bihar has contributed over Rs 350 cr, UP over Rs 100 cr, and Haryana over Rs 50 cr.

The company has also managed to close on 2.74 lakh loan accounts with a client base of 2.73 lakhs.

The firm aims to conclude at an AUM of Rs 1250 cr and a customer base of 5 lakh by the financial year 2023.

SAVE Microfinance is on the path to expanding its network. Along with crossing an AUM of over 700 crores, the company has already opened 52 new branches in the current financial year and also plans to open up to 33 more branches in the coming time, which will make a total of 255 branches. With its geographical developments and expansion, the company aims to strengthen the rural economy and create employment opportunities for the youth.

Through SAVE Microfinance, the company is also determined to make women financially independent and self-sufficient. It has over 222 branches of MFI to facilitate women empowerment and sustainable sources of income and is dedicated to improving the quality and standard of life for rural women, by offering them support for income generation activities.