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Ananya Finance for Inclusive Growth Private Ltd.
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Legal residence:India
Organization type:Financial service provider
Funding agencies: Other
Sectors: Agriculture & Rural Development, Financial Services & Audit, Organizational development, Private Sector & Trade
About
Ananya Finance for Inclusive Growth Pvt. Ltd. (Ananya) is an NBFC set up by Friends of Women’s World Banking – India (FWWB) in 2009, with the objective of reaching out to a large section of microfinance institutions (MFIs) and grass root entities. Ananya is among the most responsible NBFCs in India with the urge and commitment to serve socially motivated double bottom-line enterprises.
Ananya started operations by taking over FWWB’s Wholesale Microfinance Institution lending portfolio in April, 2010. The NBFC has come a long way, facing the Andhra Pradesh Microfinance crisis in its year of birth, in 2010, surviving the financially challenging 4 years that followed the crisis and started to turn around in the year 2015 when it registered full year net profits. The company has been steadily regaining its momentum since FY 2015-16 and achieved the important milestone of its portfolio crossing Rs.100 Crore during the previous FY 2017-18. The company ended the financial year in March, 2018 with a loan portfolio of Rs.152 Crore.
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