Valar Aditi Social Finance Private Limited (VASFPL)
A Microfinance Initiative.
Empowering women through financial inclusion and capacity building.
A Microfinance Initiative.
Empowering women through financial inclusion and capacity building.
Valar Aditi Social Finance Private Limited (VASF) is a Micro Finance institution with a development focus. VASF was promoted by Dr. I. Sebastian, MD of VASF and the founder of the NGO - St. Joseph's Development Trust (SJDT) and MBTs (Mutual Benefit Trusts) as major shareholders. Mutual Benefit Trusts are federations of Self Help Groups, promoted by SJDT, which act as community based organizations to ensure the sustainability of the development interventions initiated by the SJDT. VASF was incorporated as a private limited company under the company's act 1956 in 1985 and commenced its microfinance operations in August 2010. It had been registered as a NBFC-MFI with RBI in 2017. VASF is directed at holistic transformation of communities through provision of financial and social inclusion services that improve the standards of living of the excluded people in society, specifically focusing on the underprivileged women at the bottom of the economic pyramid. Tranquebank ApS, an investor from Denmark has joined Valar Aditi Social Finance Private Limited taking a 40.10% stake in its equity. Tranquebank ApS, with its expertise would enrich the company towards better growth and development. VASF follows Joint Liability Group model of lending and it has 8 branches (6 direct branches and 2 BC branches) with significant presence in the districts of Pudukottai, Sivagangai Tanjore Tiruvarur, Tirunelveli, Kanyakumari, Nagapattinam, Ramanathapuram in Tamil Nadu State and in Karaikal district in Puduchery State. As of 31st March 2023, VASF has 15976 active clients with a loan portfolio of Rs.53.40 crore. The portfolio at risk is only 0.02%. In spite of the COVID-19 pandemic's impact, VASF has proved that its model is resilient by registering a CAGR (Compounded Annual Growth Rate) of 35% during the last 3 years ending March 2023. VASF has BB+ Stable (March 2023) from ACUITE Ratings & Research and has a MFI grading of M3 (May 2023) from SMERA Ratings Private Ltd.
MISSION: To improve the standard of living and bring about sustainable socio-economic development of the marginalized women in rural India through the provision of financial and non-financial services.
VISION: To emerge as a professionally managed MFI adding values to stakeholders and offering inclusive financial services to empower fifty thousand women at the bottom of the pyramid by 2028.
VALUES: