Muthoot Microfin has forayed into Andhra Pradesh with the opening of its first branch at Chodavaram. With the new branch, Muthoot Microfin has expanded its network to 20 states serving over 3.4 million customers. With this expansion, it aims to bring its expertise in micro-lending to Andhra Pradesh, fostering economic growth and development in the state.
The new branch will focus on empowering low-income households and women-owned businesses by offering financial services tailored to their needs. Prioritizing women entrepreneurs, the branch will provide income-generating loans and support to promote financial inclusion, helping them grow their small businesses, improve livelihoods, and contribute to their communities' inclusive growth. The solutions are specifically designed to promote financial inclusion among women.
Muthoot Microfin is primarily engaged in providing financial assistance through micro loans to women engaged in small income generating activities.
