L&T Finance to expand microfinance business

February 11th, 2010 Microfinance Training Leave a comment Go to comments

Buoyed by the success rate of its microfinance business in the rural areas of Andhra Pradesh, Karnataka, Tamil Nadu and Maharashtra, L&T Finance, the financial services arm of Larsen & Toubro, is set to expand to Gujarat and Orissa over the next three months.

A team of microfinance professionals at L&T Retail Finance Group, which is in turn a part of L&T Finance, is assessing villages in other northern states, where the company plans to foray shortly.

“We are extremely happy with the growth of our microfinance business and we will very soon be present in almost every state,” said Dinanath Dubhashi, vice-president, L&T Retail Finance Group.

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Categories: Microfinance Sector, Working in a MFI Tags:
  • Mba_manish46

    hello sir i am manish sharma employee of sharemicrofinance last 2year ihave done my MBA if you havebetterposition so plz contact my no 9993921985

  • CristianStar

    I'm so surprised about such an initiative to try and develop business opportunities in the rural area, especially in places where it could prove a very difficult challenge.
    ______________________________________
    Los Angeles loans

  • SamanthaCherley

    It's not that much of a surprise because the rural area is practically the last "virgin" land where you can actually create something new from zero... The other urban places are overcrowded:)) So it is probably a forced decision.
    _____________________________________________
    Small Business Loans

  • How would bad debt work in that situation? how on earth can you track down people who have no legal status and go get money due to you?

  • LadyinRed

    The rural area is really an interesting area to create new investment opportunities, but we have to differentiate the rural area from a well developed country from the rural area from a 3rd world country. Those are two different things.
    _______________________________
    Sightline Payments

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