Equitas Microfinance India

Equitas Logo

Equitas Microfinance is Microfinance institution in India, their Objective is extending microfinance to people who are otherwise unable to access finance from the Commercial banking in India.

There are many Microfinance Products  provided Equitas Microfinance like Loan for business expansion, Loan for starting business ,To repay the high interest borrowing, Loan consolidation and Education.

 

Equitas has achieved more than 1 Million customers, his partners is Life Insurance Corporation of India and Microsave.

 

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Microfinance Definition - Meaning of Microfinance

Microfinance is small loans aims to alleviate Poverty, it's a finance the poor. Microfinance aims to stimulate entrepreneurship among those who suffer from poverty to self-employment and develop their small businesses and improve their status and social and thus improve the status of their families and their children in terms of standard of living on the one hand, and level of access to social services (such as health, education, water ...) on the other.

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Grameen Bank Founder Yunus

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Grameen Bank was founded in 1976 by  Microfinance Guru Muhammad Yunus, as a project to turn later to the Bank of specialists in the year 1983, the most famous microcredit programs in the world, where the proportion of women constitute more than 90%, with the rate of recovery of loans amounting to more than 95% , and in this regard, Muhammad Yunus was awarded this status with his Grameen Bank, Nobel Peace Prize in October 13, 2006 by the Swedish Academy in recognition of greeted the visit to the fight against poverty.


Muhammad Yunus


Successful of Bangladesh in microcredit programs through the Grameen Bank in the recovery of loans and access to the poor, attracted worldwide attention, has been replicated in more than 60 countries including the United States , and in many countries of the world developing low-income in order to fight poverty and social exclusion.

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