Utkarsh Microfinance Private Ltd


Utkarsh Microfinance Private Ltd. (UMPL) was established in September 2009 to cater to the financially excluded population, and essentially provides credit to female borrower groups under the Grameen model. 70% of UMPL’s 240 branches are located in rural areas in the major Northern India states, which are among the poorest and where micro-entrepreneurs suffer from limited availability of adapted financial services.

In five and a half years UMPL has grown a loan portfolio of USD 115m outstanding to 610,000 borrowers, while maintaining excellent portfolio quality. Within another three years UMPL projects to reach out to 1.5m clients and build a loan portfolio of USD 450m.

BIO’s USD 5m loan will facilitate the further growth of UMPL, which remains relatively young compared to other, more established Indian MFIs. BIO’s long-term investment will help UMPL achieve its ambitious growth plan as well as provide diversification and stability in its funding.

Website : www.utkarshmfi.com

  • Montant de l’investissement (€):

    USD 5 million

  • Signature du contrat :


  • Impacts sur le développement :

    • 1 — Employement: create and maintain jobs in the poor rural and peri-urban areas of Northern India
    • 2 — Gender: UMPL is dedicated to empowering women micro-entrepreneurs