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Dvara KGFS and HDFC Bank enter into a co-lending agreement
July 26, 2023
Dvara KGFS and HDFC Bank have entered into a partnership for providing business capital to micro business units operating primarily in the unorganized sector. These businesses often face limited access to formal sources of finance.
Dvara KGFS launched its exclusive Enterprise loans vertical in 2020, focusing on 3 primary value chains. To date, the company has assisted numerous beneficiaries with working capital and business growth loans, improving their livelihood generation capabilities and facilitating their inclusion in the Indian economy.
In line with its ambitious plans for this year’s Annual Operating plan, Dvara KGFS seeks to extend credit to micro businesses across 10 states that it serves. This partnership with HDFC Bank will help Dvara KGFS realize its ambitions.
LVLN Murty, and CEO of Dvara KGFS expressed his enthusiasm about the partnership, stating, “We are excited to join forces with one of the largest and leading financial institutions in the nation. This engagement will enhance our capabilities in empowering micro businesses operating in rural areas”.
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