Training Manager

About the Company In February 2013, Namra Finance Ltd. became the first company in India to receive the long awaited "NBFC-MFI" (Non-Banking Finance Company - Microfinance Institution) License. This special category of NBFC was created by the RBI based on the Malegam Committee recommendations to serve the underserviced and the poor segment of India by providing Microfinance, or small income-generating loans at reasonable interest rate, collateral-free. Namra Finance is a wholly owned subsidiary of Arman Financial Services Ltd, and was formed for the sole purpose of demerging Arman's Microfinance operations into a separate entity for numerous regulatory and administrative purposes. The combined entity under Arman has a long standing positive track record and is a solid company with an attractive business mix of secured and unsecured lending products. On one hand it offers a very high rural and social support and on the other hand it delivers high commercial returns. Unlike many other MFIs and NBFC, we focus on controlled growth rather than irrational exponential growth. We are extremely conservative with our lending and follow very strict underwriting guidelines. Namra is a member of Microfinance Institutions Network (MFIN) and a member of Pradhan Mantri Mudra Loan Yojana.