Jaipur, India
Digamber Capfin Ltd (DCL) started operations as an NBFC in 1995 with the mission of providing a range of financial services to the population who are not adequately served by financial institutions. DCL was the first institution in Rajasthan to provide financial services in rural areas, focusing on the remaining 70% of the population living in villages without formal credit access. The main products included vehicle financing, farmer’s credit, and small business loans.
After 2009, DCL changed its RBI classification from Asset Finance Company to NBFC- Microfinance Institution. Currently, DCL offers a diverse range of loan products, including Microfinance, Trade Finance, Agriculture, and Animal Husbandry Finance. The MFI loans follow the Grameen model of lending, focusing mainly on women through a Joint-Liability Group (JLG) lending model. DCL provides prompt, convenient, and affordable collateral-free credit to people at the bottom of the pyramid through strong credit assessment and centralized approval.
DCL has adopted an integrated approach to lending, combining a high customer touch-point typical of microfinance with a technology infrastructure and related back-end support functions similar to that of a retail bank. This integrated approach has enabled it to manage increasing business volumes and optimize overall efficiencies.
Industries: Financial Services, Banking Headquarter: India Overall, DCL's commitment to serving the underserved population in rural areas through a diverse range of financial products and their integrated approach to lending signifies a potential for future growth and impact in the financial services industry. With a track record dating back to 1995, their expertise in rural credit and microfinance positions them as a significant player in addressing the financial needs of the unbanked population.
