Mimoza Enterprises Finance Pvt Ltd, Deheradun, Uttarakhand
Mimoza Enterprises Finance Co. Pvt. Ltd. (NBFC) offers its microfinance products under the MIMO Finance brand.
Through microfinance, we create sustainable sources of income for women, which enables us to fullfil our greater corporate mission to help families obtain health care, access to education, and the empowerment necessary to make choices that best serve their needs.
Having established our operations in Uttarakhand, we now operate across the various states of North India. Specifically, we have established regional hubs and branch offices in urban and peri-urban areas along the major highways and towns in Uttarakhand, Uttar Pradesh, Haryana, Rajasthan, Himachal Pradesh and Madhya Pradesh. The present time is an exciting one for MIMO, as we continuously look to take advantage of the myriad expansion opportunities that present themselves in the North Indian "Hindi Belt."
Thus far, we have established financial relationships with ABN-AMRO Bank, Axis Bank, Bellwether Microfinance Fund, Bellwether Microfinance Trust, Citibank, Development Credit Bank (DCB), Friends of Women's World Banking (FWWB), Housing Development Finance Corporation (HDFC) Bank, HDFC Housing Corporation, Industrial Development Bank of India (IDBI), Indian Bank, Maanaveeya Holdings & Investments (Oikocredit), National Bank for Agriculture and Rural Development (NABARD), Reliance Capital, Small Industries Development Bank of India (SIDBI), and the Uttarakhand Microfinance & Livelihoods Promotion Cooperative Institution (UMFLPCI) of the Government of Uttarakhand. The list grows constantly as we constantly sieze expansion opportunities.
As of 30th November 2010 we have 91,773 active loan clients. We have disbursed 164,159 loans in total , which puts us well on our way to our ultimate goal of achieving one million loans by 2015, which will render us one of India's most prolific and established microfinance institutions.