Back to Blogs Arohan Financial intending to expand its mark in newer markets
Hemika Gala | 07/10/2021
- Arohan Financial Services Limited is a leading NBFC-MFI (Non Banking Financial Company-Microfinance Institutions) which operations in financially under-penetrated Low Income States of India. Most of the MFI’s focus is on lending to women borrowers .This gives the Company a unique proposition for male customers since competition focuses primarily on women borrowers.
- The Company’s vision is “To impact over 20 million lives by 2025
– 20 by 2025
Aspiring to be in the Top 3 FI players while covering over 5 million households with an INR 25,000 Cr portfolio and being in the Top 3 places to work by 2025.
- The Company is focussed on optimising customer sourcing channels, maintaining well-established loan origination, credit underwriting and loan management processes, as well as adopting and integrating technology into business to improve lending outcomes and operational efficiency.
- Arohan has digitalised the entire customer lifecycle and the post sales support touchpoints to enhance its offerings. With a clear focus on being ‘Cashless at the front and Paperless at the back, the company aims to serve its customers better with limited paper work and in the process also reduce operational cost for both the customers as well as the company.
- Arohan Financial entered into an alliance with Airtel and PayTM Payments Bank to facilitate on-boarding of customers onto its digital banking transaction platform.Microfinance lender Arohan Financial Services is in the final laps of its preparation for initial public offer and is likely to hit the equity market in the third quarter of this fiscal to raise INR 850 Crores.