The Firm

Ajivika Finance Limited (AFL) is an RBI registered Non-Banking Financial Company, incorporated on 28 May, 1986. The company shall achieve NBFC- MFI status by November 2019.

AFL actively engages its resources to create value for the vast bottom of pyramid population in India by delivering structured income generation loans at their doorstep. The company has provided funding support to over 27+ types of micro-enterprises to over 16,000 borrowers and is proud of playing an integral role in building a better tomorrow for the BOP communities.

As a Responsible Financial Institution, Ajivika Finance is solving the most pressing problem of Banking in India, Inequitable Access to Credit.

Rural India contributes 47% to GDP but its share in overall credit extended is south of 10%. Ajivika Finance endeavors to bridge this lending gap in the economy, thereby ensuring a more equitable distribution of India’s growing economic pie. There is an opportunity of reaching out to over 100 million under-banked people who require credit for livelihood and Ajivika Finance aims to be their preferred Financial Institution.

In an industry still prone to many risks, Ajivika’s edge over competition lies in its extensive and comprehensive Risk Management measures, impeccable management team (experienced, strategic fit with a purpose beyond profit), exceptional asset quality (negligible PAR, loans diversified by end-use, 100% Income Generating Loans to women) and demonstrated ability to scale-up and integrate technology to usher in operational efficiencies.