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Arohan in the News
21Nov
2018
Arohan announces a revised lending rate W.E.F November 21, 2018, third-best among NBFC-MFIs Arohan Financial Services Limited announces a lending rate revision of 20.75% for its flagship loan product, Saral with effect from November 21, 2018. This is a 5 bps increase from the previous lending rate of 20.70%. This is in line with the RBI in respect of Margin and Qualifying Assets Ratios. A CARE MFI 1 grading and an A- bank loan rating, along with a strong financial holding enable Arohan to borrow at significantly lower costs and extend rate benefits to its customers thereby strength read more
18Aug
2018
NDTV network interaction with Mr Manoj Nambiar on ‘The Quest for Digital Banking’

In an interaction on digital lending across businesses with Mr. Nikhil Inamdar of the NDTV network, Mr Manoj Nambiar, Managing Director, Arohan Financial Services Limited speaks about financial inclusion in India as the country moves towards digitalization. The documentary was aired exclusively over the weekend on NDTV 24x7 and NDTV Prime on August 18 and 19, 2018.

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13June
2018
Arohan Inducts Shri D.K Mittal as Independent Director and Chairman to the Board

Arohan Financial Services Limited, the leading NBFC-MFIs in India announced the induction of Shri DK Mittal, Ex-Secretary, Department of Financial Services, Government of India as Independent Chairman to its Board of Directors. As part of the Aavishkaar-Intellecap Group, Arohan is serving the Group Vision of “Building businesses with or for the Other 3 Billion”.

Sharing his thoughts Shri D.K Mittal said, “India needs to harness its latent entrepreneurial potential to build a read more

01May
2018
Arohan announces a lower lending rate W.E.F May 1, 2018

Arohan Financial Services (P) Limited announced a lower lending rate of 20.75% for all its microfinance products except Premium. In effect from May 1, 2018, this change is a 24 bps cut from the earlier lending rate of 20.99%.

The rate revision will benefit lakhs of new customers of Arohan, over 96% of which are women from socio-economically disadvantaged backgrounds across the Low Income States of Eastern, Central and North Eastern India. The rate cut has been made possible due to A read more

01Mar
2018
Arohan announces revised lending rate W.E.F March 1, 2018 Arohan Financial Services (P) Limited announced a lower lending rate of 20.99% for all its products except Premium. In effect from March 1, 2018, this change is a 21 bps cut from the present lending rate of 21.20%. The rate revision will benefit lakhs of new customers of Arohan, over 96% of which are women from socio-economically disadvantaged backgrounds across the Low Income States of Eastern, Central and North Eastern India. The revised pricing is the second-best for any NBFC-MF read more
15Jan
2018
AROHAN REVISES LENDING RATE W.E.F JANUARY 16, 2018, SECOND BEST AMONG NBFC-MFIs

​​​​​​​​​Arohan Financial Services (P) Limited announces a lower lending rate of 21.20% for its flagship loan products, Saral and Bazaar with effect from January 16, 2017. This is a 102 bps cut from the present lending rate of 22.22% for Saral and 215 bps cut from the present lending rate of 23.35% for Bazaar, which were effective from November 20, 2017.

In line with the RBI in respect of Margin and Qualifying Assets Ratios, the back-to-back rate cuts have been m read more

20Nov
2017
AROHAN REVISES LENDING RATE W.E.F NOVEMBER 20, 2017

Arohan Financial Services (P) Limited announces a lower lending rate of 22.22% for its flagship loan product, Saral, as well as, all its Cross-Sell products with effect from November 20, 2017. This is a 13 bps cut from the present lending rate of 22.35% which was effective from October 1, 2017. ‘Saral’ currently caters to over 8.25 lakh women customers of Arohan, who are from socio-economically disadvantaged backgrounds across the Low Income States of Eastern, Central and North East read more

08Nov
2017
One Year Of Demonetisation - MFI Industry Recovering Slowly: An article in Business World On the eve of demonetisation, in an article published by the Business World, Mr. Manoj Kumar Nambiar, MD, Arohan Financial Services (P) Limited, spoke about the impact on the MFI Industry and the economy at large. read more
04Oct
2017
AROHAN REVISES LENDING RATE W.E.F OCTOBER 1, 2017

Arohan Financial Services Private Limited, has announced a lower lending rate of 22.35% from the present rate of 22.99% for its flagship micro loan product, Saral, catering to socio-economically disadvantaged women. The lower rate rolled out is effective from October 1, 2017 and this revision has made Arohan the second best priced NBFC-MFI and the th read more

29Aug
2017
Flood relief by Arohan as part of its CSR programme. Incessant rains in July and August, 2017 have resulted in severe floods in Assam. Arohan, under its CSR programme, conducted a relief camp for the worst affected areas in Sonitpur district on August 28, 2017. A report by News 18. read more
23Jun
2017
Digital Inclusion and MFIs – An article by Manoj Kumar Nambiar in CIO Review Mr. Manoj Kumar Nambiar, MD, Arohan, part of the Aavishkaar-Intellecap Group writes about digital inclusion and MFIs for CIO Review. In the article Manoj talks about the ability to provide financial services through digital channels and how the MFI Industry is in the midst of a digital revolution and the shape of things to come. To read the entire article click here (page 8 of CIO Review June 17 E read more
03Jun
2017
Arohan to merge lending operations of promoter firm IntelleCash with itself Manoj Kumar Nambiar, MD, Arohan, made an exciting announcement about launching a new product line called Merchant Cash Advance (MCA), adding to our existing product range. MCA is currently serviced by our group company Intellecash which Arohan intends to merge into itself during the course of this financial year. read more
18May
2017
Arohan Financial Services raises Rs 155.5 cr Arohan Financial Services, a city-based micro-finance institution (MFI), has raised Rs 155.5 crore from existing and new investors to support its expansion plans. "We have raised Rs 155.5 crore from existing and new investors to assist in the expansion of its operations in Uttar Pradesh, Tripura and Madhya Pradesh", Arohan MD Manoj Kr Nambiar told reporters today. He said that Arohan, a part of Aavishkaar-Intellecap Group, was now pr read more
18May
2017
Arohan announced Rs 155 crore capital infusion from Denmark's Maj Invest and existing investors KOLKATA: Arohan Financial Services, part of the Aavishkaar-Intellecap Group, said it has raised Rs 156 crore to fund expansion plans. read more
26Apr
2017
Arohan Financial Services to enter MP and UP markets KOLKATA: Michael and Susan Dell-backed microfinance company, Arohan Financial Services is looking to start operation in the country’s two large economically backward states -- Uttar Pradesh and Madhya Pradesh -- in the second half of the year expecting the noise over non repayment of loans in these states would fall silent by then. read more
22Apr
2017
Indian Microfinance industry will continue to demonstrate sustainable growth

The microfinance industry has seen tremendous growth over the past five years, growing at a 45% CAGR. It has witnessed rapid evolution with regulatory reforms post the Andhra Pradesh crisis in 2010 to regulate product, pricing and protection of customer interest.

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12Apr
2017
Microfinance for Water and Sanitation: Opportunities and Challenges for MFIs

Anant Jayant Natu, our Central Operations Head, writes an article with T.V.S Ravi Kumar, Senior Manager, MicroSave’s Country Development Programme Indonesia

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01Apr
2017
REVISED LENDING RATE W.E.F APRIL 1, 2017

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 i read more

25Jan
2017
Aavishkaar-Intellecap Group raises USD 25 Million from Triodos Investment Management and Shell Foundation

The Aavishkaar-Intellecap Group, a pioneer in impact investing and an instrumental entity of the impact investing ecosystem globally, today announced raising an equity round of USD $25 million led by Triodos

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28Jan
2015
Arohan MD Manoj Nambiar with RBI Governor Raghuram Rajan Mr Raghuram Rajan met MFIN CEO Ms Ratna Vishwanathan and President (and Arohan MD) Mr Manoj Nambiar and discussed the nuances, the challenges and the way ahead for the MFI industry in India. read more
23Jun
2014
IFMR Capital announces country's first collateral bond obligation IFMR Capital, the Chennai based non-banking finance company (NBFC), today announced India's first collateralised bond obligation - the IFMR CBO I of Rs 98 crore, comprising multi-issuer pooled non-convertible debentures. Hinduja Leyland Finance, part of the Hinduja Group is one of the investors. read more
03Oct
2013
Microlender Arohan raises $3.5M led by existing investors Arohan Financial Services Pvt Ltd has received a capital infusion of Rs 22 crore ($3.5 million) from three investors—existing stakeholders Aavishkaar Goodwell II and Michael & Susan Dell Foundation besides new private investor Swaminathan Anklesaria Aiyar. This is microfinance institution’s first equity infusion after it was acquired by IntelleCash Microfinance Network in September last year. read more
13Sep
2012
Unique consolidation in the microfinance industry Mumbai: IntelleCash Microfinance Network Co. Pvt. Ltd, a subsidiary of investment banking services and advisory firm Intellectual Capital Advisory Services Pvt. Ltd ( Intellecap ), has taken a controlling stake in Kolkata-based microlender Arohan Financial Services Pvt. Ltd through a series of complex transactions for Rs. 52 crore. read more

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