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:
  • 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.
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    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.
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    Small Business Loans
  • 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.
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    Sightline Payments
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