Navachetana Microfin Services

Navachetana Microfinance Services Private Limited (NMSPL) is a non-banking finance company that extends micro-loans to poor women who are excluded from mainstream banking services. NMSPL loans enhance not only the livelihoods of borrowers, but also the lives of their family members. By creating an environment of financial inclusion for the poor, NMSPL envisions an India where access to income-generating opportunities and the ability to provide basic necessities for ones family is available to all. NMSPL is a financially sustainable enterprise that currently operates Fourteen branches throughout Haveri, Dharwad, Shimoga,Gadag and Davangere districts. NMSPL loans are distributed to individuals on a group-guaranteed basis. Each of these Joint-Liability Groups (JLGs) is composed of five women, and group members ensure that all individual loans are repaid in weekly installments. The loans availed under NMSPL generate a profit beyond loan repayment costs, and over a period of time ...