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About Us

About Us

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 The geographic region served by AFPL is amongst the poorest of India and also is largely unserved by formal financial institutions. SubhraJyotiBharali( Ex Managing Director), a highly driven and passionate Assamese entrepreneurand has surrounded himself with similarly enthusiastic and likeminded individuals from the region. As such, AFPL has unparalleled local knowledge and is thus uniquely positioned to bring organized financial services to a large number of poor clients who otherwise would not have access to credit and other financial services on attractive terms.

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