Utkarsh Microfinance (Utkarsh) is active in the north of India where poverty is still a pervasive concern and the demand for basic financial services largely unmet. Utkarsh aims to fill this gap. Its focus on individual lending, in addition to its group lending activities, gives Utkarsh a unique position in the Indian microfinance sector. The individual loans - ranging from EUR 500 tot EUR 3,500 - encourage and support micro and small entrepreneurs in expanding their businesses. These entrepreneurs otherwise face great difficulty in attracting capital from mainstream financial institutions.
The loan provided by Triodos Microfinance Fund and Triodos Fair Share Fund supports Utkarsh in scaling-up its individual lending portfolio.
KEY INDICATORS as of 31 December 2016:
- number of loan clients: 1,202,702
- percentage female clients: 99%
- percentage rural clients: 64%
- average loan amount: EUR 198
- number of savings clients: -