Annapurna Microfinance Private Limited


Annapurna Microfinance Private Limited (AMPL) saw the light as a microfinance initiative of a local NGO, People’s Forum, in the early nineties for women micro-entrepreneurs in mainly rural areas. Access to finance in rural areas in India is very limited and AMPL focusses on areas that are difficult to reach and are largely overseen by the commercial financial services.

AMPL applies a group lending methodology: all loans are provided through so-called Self-Help Groups of 8 to 20 women who have been saving together for at least six months and who have received training from AMPL. AMPL does not only provide microfinance loans, they also provide business development services and have developed special financial products catering to very specific needs of their target clients, such as water and sanitation loans.

In February 2014, AMPL’s portfolio consisted of 225.000 clients and services were provided through 53 branches in the states of Orissa and Chhattisgarth, 2 of the poorest areas in India.  AMPL is now aiming at substantially growing that portfolio and expanding to new areas. To support AMPL in this expansion, BIO is, together with Incofin’s Rural Impulse Fund II, participating in the  capital increase of EUR 3.5 million in local currency. BIO contributes EUR 3 million to AMPL’s capital.

The partnership with Incofin allows for a proactive support of AMPL’s strategy and governance. Moreover, it is a clear sign to private investors to gain confidence in the MFI and encourage future commercial funding.

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  • Development impacts :

    • 1 — Create access to finance for women micro-entrepreneurs in rural areas
    • 2 — Job creation in 2 of the poorest states of India

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