Annapurna Finance Transforming Financial Resilience Among Underserved Communities in India

Annapurna Finance has been featured in the 60 Decibels' 2024 Microfinance Index for its significant role in enhancing financial stability in underserved areas of India. With a focus on women and rural borrowers, Annapurna excels in financial empowerment, quality of life improvements, and client protection and transparency.

Annapurna Finance Pvt. Ltd. is gaining recognition in the microfinance sector for its instrumental role in strengthening financial resilience among underserved communities in India, as highlighted by the 2024 Microfinance Index by 60 Decibels. The organization focuses significantly on supporting women borrowers and rural clients, observing marked improvements in income, quality of life, and household decision-making capabilities.

The 60dB Microfinance Index, which annually benchmarks the sector, collected feedback from over 36,000 clients spanning 45 countries. Annapurna Finance is lauded as one of Asia's top-performing Financial Service Providers. It achieved high scores in providing access to finance, fostering business impact, and enhancing resilience, specifically aiding women and first-time borrowers. The index also praised Annapurna for its commitment to client protection, emphasizing transparency in loans and promoting financial literacy.

Key achievements include financial empowerment, business growth, and job creation. Over 55% of clients reported increased income and reduced financial stress. More than 92% never had to compromise their food intake for loan repayments. Additionally, Annapurna's supplementary services like training have helped build financial resilience, with clients reporting increased savings and improved emergency expense management.

(With inputs from agencies.)