Income Generation and Economic Empowerment
Women Entrepreneur and Social Change
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Achieved our first milestone - reached 100 crores
Mitrata Inclusive Financial Services Ltd. (Mitrata) is a NBFC-MFI, providing credit facility to the marginalized, excluded and vulnerable groups for enterprise development and other essential needs.
Mitrata aims at the economic upliftment of the poor and marginalized across all religions, castes and communities. Mitrata implements activities to provide marginalized households with easy access to financial services including access to credit and insurance.
Majority of the beneficiary households supported by Mitrata belong to the marginalized groups including religious minorities, Dalits, marginalized farmers, daily wage workers, very small self-employed vendors, rickshaw pullers, primary producers such as brass workers, weavers & other artisans.
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Mitrata, as the name suggests, embodies two core principles: Friendship and Inclusivity.
When we were conceptualizing Mitrata, the promotors asked themselves- Why do we need another NBFC MFI in the country when we already have so many functional ones. This made us undertook a systematic study and our research revealed that there are deep rural pockets which are still financially excluded. We realized microfinance should be a means to improve the social and economic status of those at the bottom of the pyramid, not an end itself. Thus, Mitrata chose to work in these deep rural pockets, with over 20% of our clients being new to credit, highlighting the need for microfinance.
