Saarthi Microfinance crosses 10,000 clients with 10 Branches in Rajasthan

Written By Sushma Singh


Saarthi Microfinance, a microfinance institution based out of Jaipur, has crossed the 10,000 member mark in December with the opening of its 10th branch in Rajasthan. It currently has operations in 7 districts of Rajasthan.

Saarthi Microfinance began its operations in October 2009 with the Transport Nagar branch in Jaipur, Rajasthan. As of November 2010, the company has achieved a cumulative disbursement of Rs 6.7 Crores and has Rs 4.5 Crores as outstanding loans.


‘Saarthi’ is a Sanskrit word which when literally translated, means ‘The Charioteer’ and is in reference to the Hindu god Shri Krishna. Saarthi Microfinance is registered as Kamal Auto finance Ltd. (KAFL) with the Reserve Bank of India and is a category ‘A’ NBFC with permission to seek public deposits.

The company’s strong goodwill and market repute have enabled KAFL to attract sizeable public deposits. As a financing company, it is engaged primarily in extending credit to individuals. The company has a diverse product range and provides a variety of loans, namely, vehicle loans, personal/cash loans, education loans, equipment loans and from last year’s microfinance loans.

The management of Saarthi Microfinance believes in the concept of welfare economics as expounded by Nobel laureate Amartya Sen. It seeks to encourage meaningful, inclusive and sustainable growth.


Subscribe to Moneymint Weekly

Every Sunday we email people like you with top tips, insights and opportunities to manage your finances and build your online business. No hype, no scams, no fake gurus. Sign up below to get the next one.

Please enter a valid email address
That address is already in use
The security code entered was incorrect
Thanks for signing up

Sushma is a full-time blogger and financial expert. Join Sushma and 10,000 monthly readers here to learn how to save and invest your money wisely.

Disclaimer: The content on this site is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on our site may differ from actual numbers. See our Privacy Policy & Disclaimer for more details.