Humana Financial Services Pvt. Ltd. (HFSPL) is a private company registered on July 08, 2016 and Reserve Bank of India grated Non-Banking financial company – MFI license on August 04, 2017.
Humana Financial Services Pvt. Ltd. (HFSPL) is a private company registered on July 08, 2016 and Reserve Bank of India granted Non-Banking financial company – MFI license on August 04, 2017. The necessity of starting an NBFC-MFI is attributed primarily to bring necessary professional and regulatory framework to rapidly scale up microfinance operations. It allows the entity to raise equity from the commercial and impact investors and also assist the Board to raise funds from the commercial loan market. The parent company of HFSPL, Humana People to People India (HPPI) is a non-political, non-religious development organization established on 21st of May, 1998 and is registered as a Not-for-profit Company under the Companies Act, 1956 – Section 25. Works in partnership with more than 60 partners including government sector (State & Central Governments, private corporations and international funding agencies. HPPI implements more than 65 projects in the areas of education, health, livelihood, microfinance and environment across 13 states of India reaching out to more than 2 Million people every year as on end of year 2017.
“To provide access to affordable financial services to 5 lakh economically under-served households for social and economic development by 2030.”
To secure life of dignity to poor, especially women and under privilege section of the society by providing financial services in most efficient manner.
To create opportunities for self-employment for the underprivileged with help of various financial and non-financial tools, To provide financial services to poor especially women, To empower poor especially women in skills to handle the credit funds in a judicious manner and contribute to employment and income generation.