Padmashree Dr.D.Y.

Patil University
Department of Business Management

Subject: Financial Accounting

TOPIC: MICROFINANCE

Submitted to :-
Professor Vani Kamath
Group Members

NAME ROLL NO.

Priya Bhagawat 10082
Sweta Kumari 1095
Nanda Dinde 1099
Deepali Tendulkar 10103
Emam 10110
Nishita Deshpande 10111
Kanthi Srinivasan 10125
Microfinance
 Microfinance refers to the provision of
financial services to low-income clients
in the form of loans as well as other
methods of financing to clients who have
little or no access to such means of
finance
What is Micro Finance

 It caters to length & breadth of the country.

 India’s population is more than 1000
million, around 350 million, are living
below the poverty.
 Only 20% access loan from the formal
sources and 80% from the informal sources.
Paras Capfinn Pvt.co.Ltd
 Introduction

• Paras Capfin established in the year Apr 2008

• Paras Capfin is promoted by P. Veeraraghavan, a Chartered Accountant

• Paras Capfin commenced operations in three cities - Mumbai, Thane and

Pune

• Main focus on this section of society will result in reducing

poverty and create equity.

• Lends solely to the self employed/entrepreneurs in Urban and

Semi-Urban environments.
Business model of Paras Capfin Co.Pvt. Ltd.
 Paras Capfin is a micro finance
company.
 It provides loans to small home based
business.
 E.g. Tailoring, Papad
manufacturing,Incence sticks, candle
making etc.
Some Iinformation
 Limit for their lending: Rs.5000 to Rs.15000
 1.5% interest rate
 Processing fee is 3.5%(inclusive all taxes
& insurance)
 Penalty is up to Rs.20 for each person for
late payment
 Repayment duration is up to 50 weeks
 Weekly collection
 Loan are being given into the groups