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Bharat Financial Inclusion Limited (Formerly known as SKS Microfinance Limited)

Bharat Financial Inclusion Limited (Formerly known as SKS Microfinance Limited)

Founded in 1998, Bharat Financial Inclusion Limited (Formerly known as SKS Microfinance Limited) BFIL is a non-banking finance company (NBFC), regulated by the Reserve Bank of India. BFIL distributes small loans that begin at Rs. 2,000 to Rs. 12,000 (about $44-$260) to poor women so they can start and expand simple businesses and increase their incomes. Their micro-enterprises range from raising cows and goats in order to sell their milk, to opening a village tea stall.BFIL uses the group lending model where poor women guarantee each other’s loans. Borrowers undergo financial literacy training and must pass a test before they are allowed to take out loans. Weekly meetings with borrowers follow a highly disciplined approach. BFIL also offers micro-insurance to the poor as well as financing for other goods and services that can help them combat poverty.
Headquarters
Hyderabad, Andhra Pradesh
Company size
10,001+ employees
Specialties
Microfinance, Last Mile Connectivity, Strong Rural Network
Top employees at
Bharat Financial Inclusion Limited (Formerly known as SKS Microfinance Limited)
A
Anil Singh
Organizational Excellence & Service Quality
Hyderabad Area, India
J
Jaya Singh
Manager Human Resources
Hyderabad Area, India
P
Pratap Ramaswamy
Dy. CFO & CRO
Hyderabad Area, India
v
vilas deshbhratar
Manager IT Operations
Hyderabad Area, India
G
Gopal Chilakamarri
Head Of Learning
Bengaluru Area, India

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lastNameInitial-firstNamed-jane@bfil.co.in66%
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