“Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things. : Dr.Muhammad Yunus – Father of Microfinance ”
At the same time we believe that the access to capital is not the complete solution to poverty. Driven by the objective of facilitating equitable access to capital resources, Margdarshak Financial Services Ltd (MFSL) is a closely held public limited NBFC-MFI incorporated in 2007. Since then MFSL has shown viable, sustainable and effective growth and expanded its field operations across length and breadth of North India. MFSL provides access to credit and pension products & services to most deprived and vulnerable communities in North India. Adapting industry best Information Technology and client centred practices MFSL has been engaged in enabling the rural and urban producers in accessing small amounts of capital through group based individual lending methodology. Led by an able set of board and management, the organisation has enabled over 70,000 families in establishing and diversifying business for achieving economic strengthening. MFSL is also a licensed aggregator for NPS-Lite Swavlamban scheme where-in the un-organised segments of the community are provided with pension products approved by PFRDA, India. Till date MFSL extended the benefits of NPS-Lite to over 30,000 individuals. Today MFSL is ranked as the 39th largest MFI in the country in terms of AUM effectively facilitating financial inclusion to its beneficiaries through a network of 48 dedicated and technology enabled branches, spread across the 3 North Indian states of Uttar Pradesh, Bihar and Haryana, covering most potential and virgin area. MFSL has been graded MFR4 by CRISIL in July 2013 reflecting the ability of the organization to conduct it’s operations in scalable and sustainable manner. MFSL has always believed in the idea of responsible financing and adheres to a strict code of conduct. Access Assist has awarded a score of 3.10 / 4.00 score in microfinance code of conduct assessment commissioned by SIDBI.
  • Microfinance sector showing signs of recovery: Report
    Nov. 27, NEW DELHI: India’s nascent microfinance sector is showing signs of mild recovery after the SKS Microfinance-triggered meltdown, says a new report on the sector. According to the State of the Sector Report 2012, brought out under the aegis of microfinance facilitation organisation Access Development Services, the loan amount disbursed by microfinance institutions, as well as the average loan ticket size, has shown signs of recovery in fiscal 2011-12.
  • CRISIL's microfinance institution (MFI)
    July 29, 2013: CRISIL's microfinance institution (MFI) Grading reflects CRISIL’s current opinion on the ability of an MFI to conduct its operations in a scalable and sustainable manner. In the case of NGO-MFIs and entities with multiple businesses, CRISIL’s MFI Gradings apply only to their microfinance programmes.

  • Dec 2012- Code of Conduct Assessment
    Dec 2012- Code of Conduct Assessment: ACCESS-ASSIST's Code of Conduct Assessment reflects opinion of the assessing organization on the ability of a MFI to adhere to a Code of Conduct while delegating operation. The overall grade obtained by Margdarshak Financial Services Limited is “A”, with a composite score of 3.10, which indicates that the organization has good appraisal systems, transparent pricing policies, employee friendly HR policies to ensure alignment and adherence to a developed Code of Conduct.
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