Namdev

Namdev founded in 2013 is a regulated Non-Bank Finance Company, providing secured loans to underserved micro & small businesses in rural areas, with 100% female clients; headquartered in Jaipur, Rajasthan, Namdev has a client base across the middle, northern and western part of India.

Investment rationale

Large addressable market with a huge credit gap of USD 270bn+ representing 63.4m+ micro and small enterprises in India. 

The fund raise proceeds will be used towards geographic expansion and product diversification to build its loan portfolio to further promote financial inclusion in rural areas.

Country:  India

Website: https://www.namfin.in/

Responsible partner: David Paradiso 

Fund: Maj Invest Financial Inclusion Fund III K/S