Namra Finance Limited - Credit for disadvantaged women for income-generating activities
Namra Finance Limited
Credit for disadvantaged women for income-generating activities
India
The microfinance institution (MFI) Namra Finance Limited (Namra) operates in five states (Gujarat, Madhya Pradesh, Maharashtra, Uttar Pradesh and Uttarakhand) and provides microcredit via the Joint Liability Group (JLG) model. It focuses on women in urban and rural slum areas and currently reaches more than 150,000 clients (2018).
Namra is a subsidiary of Arman Financial Services Ltd and was founded in 2012. The following year it registered with the Reserve Bank of India as a non-banking financial company and MFI.
Namra has been an Oikocredit partner since 2018.
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