Belstar Microfinance Limited

In January 1988, Belstar Microfinance Limited was incorporated in Bangalore, as stated in the credit report. It obtained an NBFC license from RBI in March 2001 and was later reclassified as an NBFC-MFI in 2013. The company was then acquired by Hand in Hand Group (NGO) in September 2008. In 2016, Muthoot Finance Limited, the largest gold loan NBFC in the country, made an equity investment in the company, resulting in their stake being at 70% as of September 30, 2019. With operations in 16 states and 78 districts, Belstar Microfinance Limited has established a strong presence in the microfinance industry. The company operates through two models - Self Help Groups (SHG) and Joint Liability Groups (JLG). The SHG model has a group size of 10-20 people and an average ticket size of Rs 45000, w... Read More

In January 1988, Belstar Microfinance Limited was incorporated in Bangalore, as stated in the credit report. It obtained an NBFC license from RBI in March 2001 and was later reclassified as an NBFC-MFI in 2013. The company was then acquired by Hand in Hand Group (NGO) in September 2008. In 2016, Muthoot Finance Limited, the largest gold loan NBFC in the country, made an equity investment in the company, resulting in their stake being at 70% as of September 30, 2019. With operations in 16 states and 78 districts, Belstar Microfinance Limited has established a strong presence in the microfinance industry. The company operates through two models - Self Help Groups (SHG) and Joint Liability Groups (JLG). The SHG model has a group size of 10-20 people and an average ticket size of Rs 45000, while the JLG model has a group size of 4-10 people and an average ticket size of Rs 25000. This allows the company to cater to a diverse range of customers, providing them with financial assistance to meet their needs.Read Less

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