Adhikar

In Year 2004 Adhikar society started the microfinance activity with JLG models. Recognizing the required growth and sustainability for reaching more and more client Adhikar acquired and NBFC certificate and turned into a company exclusively for its microfinance operations. Adhikar Micro Finance Pvt. Ltd (AMPL) has since obtained the NBFC-MFI RBI license under Section 45 IA of the Reserve Bank of India Act, 1934, vide their Certificate no. CoR No. 04.00021. The Registrar Of Companies, Orissa has issued the Certificate of Registration No.CIN: U659990OR1997PTC010452 in the name of the company i.e. M/S Adhikar Micro finance Pvt. Ltd. (AMPL).

Background of Parent / Sister Concern: "Adhikar" came into being as a human rights defending organization in 1992 against the backdrop of massive displacement in Bhubaneswar city. In -human living in slums & helpless annual migration to neighboring states from all parts of Orissa in search of livelihood. Since then, it has been working for the improvement of rural & urban poor, tribal & dalit in the state of Orissa, focusing women as the catalyst of holistic community development & empowerment. In 2004 Adhikar society started the microfinance activity with JLG models. Recognizing the required growth and sustainability for reaching more:

  • 1 Key Credit Points:
    Adhikar Microfinance Pvt. Ltd. is a growing NBFC working in 17 districts of Odisha and Gujrat with portfolio o/s INR 105.00 Cr. as on Mar'16. The company rated as "MFI 3+" by CARE rating with satisfactory remark on second line management, system process and portfolio quality
  • The sister concern Adhikar is an established NGO having two decades of experience on implementing community development projects and microfinance in 14 district of Odisha.
  • 2 Key indicators of Microfinance Operations:
    The microfinance operations of Adhikar (society) have been transferred to AMPL in 2008.