198 M€
Wallet
547 872
Number of beneficiaries
100%
Women beneficiaries
85.3%
Rural beneficiaries
India
Financial services
Funding granted
Loan of 2MM€ *
(local currency equivalent)
Partner of the Foundation
Since January 2024
*Outstanding at grant value
Context :
India is the world's fourth-largest agricultural producer. The primary sector employs approximately 47,130 million workers and accounts for nearly 18,000 million of GDP. The population is still rural, accounting for over 70,000. However, extreme weather events in recent years have been a major factor in the decline in farmers' incomes.
The institution:
Light Finance is a Tier 1 microfinance institution established in 2013 by Mr. Deepak Amin, an experienced banking professional who wanted to start a social enterprise in his home country. Light currently only provides loans through the group methodology.
Impact :
Develop products, raise capital, and deploy technologies efficiently and innovatively to deliver highly reliable, high-quality customer service. Light Microfinance has a gender- and poverty-focused program targeting rural and peri-urban areas, with a particular emphasis on poor women.