Bhartiya Micro Credit

Bhartiya Micro Credit, a microfinance company based in Lucknow, is currently engaged in providing financial services to individuals in need. According to a recent credit rating report, BMC's operations are spread across 10 States/UTs including UP, Uttarakhand, Madhya Pradesh, Delhi, Maharashtra, Andaman & Nicobar Islands, Bihar, Gujarat, Punjab, and Daman & Diu. With a total of 1.80 lakhs active borrowers and an Asset under Management (AUM) of Rs. 269 Crores, BMC has established itself as a leading player in the microfinance industry. BMC's success can be attributed to its unique approach of following the Joint Liability Group (JLG) model for its operations. Under this model, borrowers are organized into groups of 8-20 members, with each group forming a center. This allows BMC to efficie... Read More

Bhartiya Micro Credit, a microfinance company based in Lucknow, is currently engaged in providing financial services to individuals in need. According to a recent credit rating report, BMC's operations are spread across 10 States/UTs including UP, Uttarakhand, Madhya Pradesh, Delhi, Maharashtra, Andaman & Nicobar Islands, Bihar, Gujarat, Punjab, and Daman & Diu. With a total of 1.80 lakhs active borrowers and an Asset under Management (AUM) of Rs. 269 Crores, BMC has established itself as a leading player in the microfinance industry. BMC's success can be attributed to its unique approach of following the Joint Liability Group (JLG) model for its operations. Under this model, borrowers are organized into groups of 8-20 members, with each group forming a center. This allows BMC to efficiently manage its operations and provide loans of up to Rs. 20,000 to individual members within the group (JLG). The primary focus of BMC is to cater to the financial needs of rural and urban women from low-income families. These women often come from poor or moderately poor households and are in need of financial assistance to improve their standard of living.Read Less

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