SAMRUDHI

Providing cost-effective, livelihood-based, collateral-free, financial services (such as microcredit) to rural and urban poor households

Sector(s)
Financial Services
Countries Impacted
India
Cumulative Impact
2800
Women's Economic Power
Yes
Established
1960
Program Year(s)
2009
Operating Status
Operating
Headquarters
H.No.1-866/120/A/105, Khedkar Layout, Behind Bus Stand, M.S.K Mill Road, Gulbarga-585 102, Gulbarga, India
decent work and economic growth

Description

For the millions of poor households in India who suffer from high rates of hunger and malnutrition and who lack access to credit from formal financial institutions, the SAMRUDHI Micro Finance Society provides cost-effective, livelihood-based, collateral-free, financial services (such as microcredit) to rural and urban poor households. SAMRUDHI reverses the age-old vicious cycle of low income, low savings, low investment, and an expanding system of low income people, through the injection of credit for livelihood investment, more income, more investment, and more income.