RGVN Microfinance

RGVN (North East) Microfinance Ltd. a Public Limited Company, is a registered NBFC with a clear vision to serve the entire North Eastern region impacting 5 lakh clients by the year 2017 and facilitate better access to health, education and livelihood opportunities. Headquartered in Guwahati, RGVN(NE)MFL as on 31.12.2016 has a network of 136 branches in 7 Northeastern States viz. Assam, Arunachal Pradesh, Meghalaya, Nagaland,Tripura,West Bengal and Sikkim covering around 3.53 lakh borrowers with loan outstanding of Rs.582 crore and ontime repayment of 97.17%. Microfinance is recognized as a tool to alleviate poverty and RGVN(NE)MFL's efforts to convert this into a possibility in the Northeastern region has been achieved through hand-holding of investors both Indian and overseas viz. Small Industries Development Bank of India [SIDBI], North Eastern Development Finance Corporation Ltd (NEDFi), Dia Vikas Capital, Norwegian Microfinance Initiative-Norway [NMI], OikoCredit-Netherlands and Brahmaputra Community Development Trust. Apart from this, we have partnered with leading banks and financial institutions for availing debt funds and onlending to our clients across our branch network. While providing credit is the main-stay of RGVN(NE)MFL, being a client-centric organization, we also extend credit plus services to attain the twin-goal of growth and social development among our clientele. Our efforts through the SPM initiatives include financial literacy, organizing health camps, technical assistance on dairy farming, piggery, duckery etc... skill building, awareness on issues like Environmental, Leadership roles for women and girls, Health and nutrition and Legal issues of women.