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Belstar

Sector: Bridge • Location: India

Source: International Finance Corporation (IFC)

Project
Completed

Belstar Investment and Finance Pvt. Ltd. (‘Belstar’ or ‘the Company’), is the microfinance delivery arm of the Hand in Hand (HIH) group in India, was acquired in 2008. The Company’s product varies from the typical microfinance group loan which is mostly for consumption and focuses more on creating microenterprises – trying to bridge the ‘missing middle’, by providing enterprise loans which are nor

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The project “Belstar” is an infrastructure initiative in the Bridge sector, located in India. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

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completed

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Description

Description

Belstar Investment and Finance Pvt. Ltd. (‘Belstar’ or ‘the Company’), is the microfinance delivery arm of the Hand in Hand (HIH) group in India, was acquired in 2008. The Company’s product varies from the typical microfinance group loan which is mostly for consumption and focuses more on creating microenterprises – trying to bridge the ‘missing middle’, by providing enterprise loans which are normally not provided by commercial banks. Apart from microfinance, HIH provides technical support, training and advisory support and also helps customers to link up with larger organizations to ensure that these family or group based enterprises are sustainable. Belstar plans to raise equity capital of INR 175 mn (USD 3.6 mn) in FY 2010 to enable it to kick start the transformation of the NGO and fund its growth.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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