Jagdhan (AMIL) Achieves Important Milestone
In the month of March 2014, Jagdhan Finance and Investment Limited obtained its first two external borrowings, reached 5,000 active clients and crossed Rs 50million on its loan portfolio.
Speaking on the achievement of these milestones Meenal Patole, CEO, says that ‘The market has started acknowledging AMIL as a microfinance player and this almost marks the start of our post start-up phase and our entry into a growth phase. We expect to make substantial improvements in our reach and scale in the coming year and would like to thank both MAS Financial Services and Ananya for showing confidence in us. We look forward to building a long-term relationship with them.’
Jagdhan works in the lower income neighbourhoods in Mumbai and currently operates out of 5 Field Offices.