Ujjivan

About Ujjivan Android App

Ujjivan is one of the largest microfinance institutions in the country with gross managed assets of about 3,038 crores as of January 31st, 2015. It was awarded by HSBC-Access as the Best Large Microfinance Institution in India in 2011. Ujjivan operates primarily on a joint liability group lending model, as an adaptation of the Grameen model of microfinance. In addition it has one of the better technology infrastructures in the micro-finance industry.

With a large network of 469 branches across the country in 21 states and 3 union territories. Ujjivan has never operated in Andhra Pradesh. It has impacted the lives of more than 2 million unbanked and under-banked customers in urban, semi-urban and rural areas, by addressing the financial needs for micro enterprise, home improvement, education & emergencies. Ujjivan's operations are backed by its focus on service and product innovation, technology enabled back-end operations, credit appraisal process and business risk management practices.

Ujjivan Financial Services Private Limited was founded in October 2005, as a microfinance institution with an objective of providing financial services to the urban poor. Mr. Samit Ghosh, the founder and Managing Director, is a career banker with over 30 years specializing in retail banking. He was among leaders to launch retail banking in India with Citibank in 1985, Standard Chartered in 1993 and HDFC Bank in 1996. In 2005, he established Ujjivan after identifying the demand-supply gap in access to credit products among the urban poor, a segment which constituted a population of about 10.6 crores and the fastest growing segment of the financially excluded.

Though Ujjivan was initiated as an institution focusing on the urban poor, its customer base has expanded in time to include semi-urban and rural populations, which currently constitute a significant portion of its outstanding portfolio.