Saturday, May 25, 2019
News

VFS crosses 200 mark, opens its new office in Chhattisgarh

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Kolkata | Friday, Jun 29 2018 IST
Kolkata-based microfinance company Village Financial Services (VFS), on Friday, announced the opening of its 201st branch at Dhamtari under Dhamtari district, of Chhattisgarh.

Village Financial Services Limited is a microfinance company registered as an NBFC under Reserve Bank of India under Section 45 IA. VFS has started Micro Finance Operations in the financial year 2005-2006 having its head office at Kolkata (West Bengal). VFS, has set itself a target to reach out to 20 States within 2020 with a customer base of around 20 lakhs.

"We are in the process of infusing fresh funds to support the growth and plan to enter five more states by FY19," Kuldip Maity, MD and CEO, VFS, said.

With the Dhamtari branch, the microfinance company now has crossed 201 branch offices across Uttarakhand, Madhya Pradesh, Chhattisgarh, Tripura, Odisha, Sikkim, Assam, Jharkhand, Bihar and West Bengal covering over 13,500 villages with a total customer base of 3.56 lakh.

VFS ended FY-18 with loan book of Rs 748 crore outstanding.

UNI SJC AKM

-- (UNI) -- C-1-1-DL0213-1420279.Xml

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
The 'Jacks' who slayed the giants in Mah...
'Rahul Gandhi offered to resign, CWC una...
Centre urges SC to dismiss all review pe...
No alliance for Assembly elections in De...
Gehlot, Pilot in Delhi amid demand for l...
Modi, Rahul express condolences for Sura...
More...    
 
 Top Stories
Rishi, Neetu discuss movies with Hi... 
KJo joins Netflix family, to spread... 
American Center's first open house ... 
Five cow vigilantes assault 3 in MP... 
After thumping LS poll win, BJP set... 
No new Sikkim MLAs have criminal ba... 
'PM Narendra Modi' makes nearly Rs ... 
Rahul's offer to resign rejected un...