Arogya Finance lends money to the bottom-of-the-pyramid segment for their medical needs. It has developed a proprietary approach, which…
Arogya Finance lends money to the bottom-of-the-pyramid segment for their medical needs. It has developed a proprietary approach, which allows it allows it to evaluate the credit worthiness of and lend to individuals and families who are outside the formal system and who do not have access to salary slips, collateral, etc. It lends between Rs 20,000 to Rs 2 lakh at 12% interest rates for a tenure of up to 3 years. The firm is active in 9 states and is working with over 50 hospitals. As of May 2014, it has lent $800,000 to over 350 patients with a repayment rate of 97%+
We know Arogya Finance is based in Mumbai, but no public street address was found — its pin on the map is indicative only. Know the address?
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