ASMITHA MICROFINANCE

AML started operations in 2002 and is registered as an NBFC (non deposit accepting) with the Reserve Bank of India. Its mission is to provide small loans to poor women to establish sustainable income generating enterprises. The Indian microfinance market is still largely under-penetrated and the market is very fragmented with over 1500+ MFIs, but only a handful have an NBFC form allowing to receive equity investments.