Arohan Financial Services Private Limited announces a lower lending rate of 22.99% ( 200 bps cut from the present lending rate of 24.99% ) for its Saral Loan product catering to 96 % of the almost 7 lakh women customers from socio-economically disadvantaged backgrounds. This has been made possible due to equity infusion of 97 crores and lowering of borrowing costs in the past few months. The company had also added to its net worth with the successful completion of its rights issue of 58.09 crores.
A CARE MFI 1 grading and a A- bank loan rating, along with a strong financial holding enables Arohan to borrow at lower costs and extend rate benefits to its customers thereby strengthening its patronage among its growing client base.
The revised pricing is the best for any NBFC-MFI in West Bengal and one of the best for the other six states that the company operates in viz Assam, Odisha, Chattisgarh, Meghalaya, Bihar and Jharkhand .
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