Microfinance serves as an effective tool for poverty alleviation and economic empowerment by granting access to financial services like credit and credit linked insurance. Annapurna Finance plays a pivotal role in providing these services to the unserved and underserved population, enabling them to initiate or expand small businesses and elevate their incomes.

The organization extends both financial and non-financial services to resource-poor, unbanked, and marginalized individuals in rural and semi-urban areas. Our services are specifically tailored to address the evolving needs of communities engaged in agriculture and small business activities. Utilizing a group lending model where women in rural areas mutually guarantee each other’s loans, we create a strong support network that fosters trust and accountability. Borrowers are required to undergo comprehensive financial literacy training and pass a competency test before being eligible for loans, ensuring they are prepared for responsible financial management. Our approach is highly disciplined, with regular monthly meetings to monitor progress and provide ongoing support.

In line with its commitment to serving a broader segment, the company has introduced large-size individual loans to provide financial assistance to the MSME sector. It has also launched individual loans for housing finance, catering to the affordable housing segment.