Fincare

Details

Sector(s) | Subsector(s) Financial Services | Investment and Wealth Management
Investment Year 2017
Status Current
Location Bangalore, India
Region APAC

Fincare is a bank serving rural and semi-urban customers across Southern and Western India.

Fincare offers retail banking services to rural and semi-urban customers. It also offers microfinance loans to joint liability borrower groups, secured (by mortgage or gold) loans to small and micro enterprises. Fincare’s primary product, a joint-liability group loan, reaches more than 2.5 million customers, 90% of whom are based in rural areas. These microfinance loans are typically $200 to $600, with short maturities of approximately two years. Fincare operates over 900 branches across seven states in South and West India.

In the News

Mar 07, 2017

Financial Inclusion Platform Fincare Closes INR 500 Crore Transaction

Read More