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.