Annapurna Finance

Annapurna Finance

Annapurna Finance Private Limited (Annapurna) is a leading microfinance institution (MFI) in India, dedicated to providing financial and other support services to low-income individuals and communities, particularly women in rural and semi-urban areas. Founded in 2009 as a not-for-profit entity, Annapurna transitioned to a for-profit Non-Banking Financial Company – Micro Finance Institution (NBFC-MFI) in 2016. Its headquarters are located in Bhubaneswar, Odisha. Annapurna’s core mission revolves around poverty reduction and women’s empowerment through sustainable financial inclusion. It achieves this primarily through the provision of microloans for various purposes, including income generation, agriculture, livestock rearing, and small business development. By providing access to credit, Annapurna enables its clients to improve their livelihoods, enhance their economic security, and build a better future for themselves and their families. Beyond microfinance, Annapurna offers a range of complementary services designed to address the holistic needs of its clients. These services include financial literacy training, skill development programs, and access to health and sanitation products. These initiatives are crucial in empowering clients to manage their finances effectively, enhance their skills, and improve their overall well-being. Annapurna differentiates itself through its focus on impact and responsible lending practices. It operates with a strong emphasis on client protection and ethical conduct, ensuring that its lending practices are fair and transparent. This includes providing clear information about loan terms and conditions, promoting financial literacy among clients, and establishing robust grievance redressal mechanisms. The organization’s geographical reach spans across multiple states in India, including Odisha, Bihar, Jharkhand, West Bengal, Madhya Pradesh, and others. It has a widespread network of branches and field officers who work closely with clients in their communities. This extensive reach enables Annapurna to effectively serve a large and diverse client base, reaching underserved populations in remote areas. Annapurna has witnessed significant growth since its inception, reflecting its success in delivering impactful financial services. It has attracted investments from reputable investors, both domestic and international, which have enabled it to expand its operations and deepen its impact. The institution’s commitment to social performance and responsible finance has been recognized through various awards and accolades. Looking ahead, Annapurna aims to further strengthen its position as a leading microfinance institution in India. This includes expanding its geographical reach, enhancing its product offerings, and leveraging technology to improve efficiency and client service. The organization is also committed to promoting financial inclusion among marginalized communities and contributing to the overall economic development of the country. By continuing to prioritize impact and responsible lending, Annapurna seeks to create sustainable and meaningful change in the lives of its clients.

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