ASOMI FINANCE PRIVATE LIMITED , is a leading microfinance institution (MFI) currently operational in the state of Assam. Spanning over 20 districts of the state AFPL has established itself as one of reckoning forces in the field of microfinance in Assam. Asomi Finance Private Limited was previously known as Arham Finance (India) Pvt Ltd and was acquired by the Bharali family of village Chenga, Dist. Barpeta, Assam. The family invested Rs. 2.50 cr and invited Rural Impulse Fund, a fund managed by INCOFIN (www.incofin.com) based in Belgium to participate in the equity with Asomi Finance Private Limited. In December 2008, Incofin through its Rural Impulse Fund-I, had invested a total amount of Rs. 8.00 cr distributing one third in Equity and two third in Preference Shares. With a decent capital base of Rs. 10.50 cr, Asomi Finance Pvt Ltd started its micro-credit operation in February 2009
|No of villages covered||2538|
|Total Groups Formed||16000|
|Loan Disbursed||960 Crore|
AFPL has successfully contributed in changing the lives of many, One such story is of Moni Das who is a resident of Bijoynagar area of Kamrup district, she and her family used the water from an uncovered, kutcha well which is situated in the premises of her household.