While Janalakshmi primarily lends through group loans, financing small and medium-sized enterprises (SMEs) remains a largely untapped market in India. A growing opportunity also exists with its innovation in technology. By using technology as the foundation of its services via cloud computing, PDAs, smart cards, and biometric devices, Janalakshmi has also become a leader in technology for financial inclusion in India.
Triodos Fair Share Fund and Triodos Microfinance Fund have provided a long to Janalaskhmi. Fifty percent of the financing of the loan will go towards expanding loans to SMEs and overall growth.
KEY INDICATORS Janalakshmi as of 31 December 2016:
- number of loan clients: 4,985,932
- number of female clients: 99%
- percentage of rural clients: 0%
- average loan amount: EUR 320
- number of savings clients: -