expansion | Gram Vidiyal Micro Finance | GVMF
Grama Vidiyal Micro Finance to raise Rs 100 crore for expansion of organization
Grama Vidiyal Micro Finance (GVMF) is about to enter into a phase of significant expansion. According to its Chairman S Devaraj, the organization will
“add 61 branches which would take up total number of branches to 215 from the current 154. Currently, the 25-year old NBFC caters to 4 lakh people and set a target to increase it to 7.5 lakh with a total disbursement of around Rs 350 crore during the current fiscal compared to Rs 240 crore last year. The company has crossed cumulative loan disbursement of Rs 1,000 crore as on July 2009.”
[Source: Microcapital.org]
2 Comments on “Grama Vidiyal Micro Finance to raise Rs 100 crore for expansion of organization”
Dear sir, with reference to web, we are running NGO by name Krishna veni eudcation Health and environment society(450/1997) Vijayawada. We wish to know MICRO finance terms and conditons. Plz connect me to the concern person for details thanks,.
Looks like Micro Finance is a global thing nowadays.Everyone talks about it.