Rural | Ambani | financial services
Reliance Capital Starts Microfinance Fund
Looks like the biggest of the big see profits in reaching out to the smallest of the small. Anil Ambani’s Reliance Capital announced the formation of a microfinance fund that will target the rural poor. Microcapital.org writes that
Reliance Capital is joining hands with two Gujarat-based microfinance institutions – MAS Financial Services and Vardan Trust – as part of its initiative to enhance penetration of microfinance in the country.
The initiative will be run by Ambani’s wife, Tina.
“Our vision is to provide access to finance at the grassroots level by partnering with MFIs, serving the rural and semi-urban areas. This initiative is in line with the group’s commitment to play a serious role in bringing value to the lives of the underprivileged and the aged in India,” Ms. Tina Ambani told reporters.
3 Comments on “Reliance Capital Starts Microfinance Fund”
Dear,
The initative of Reliance in microfinance sector is a rey of hope for millions of poor and women from the rural india to become a self sustainable with the help of small credit and technical knowledge.
Best wishes
micro finance start is well planed becz our india will improved our paverty pepole also improved they life stail so thank u to start micro finance .
i working as micro finance company so that way i say to thank to Reliance micro finance
Glad to know about the subject,presently i am working with ujjivan MFI as Basic level Trainer in delhi