We are Hindusthan Microfinance is registered under Non Banking Finance Company act, 1949, Hindusthan Microfinance is the well-known NBFC of Microfinance in slum areas of Mumbai, Thana & New Mumbai. Hindusthan started Microfinance services after dated 26th July 2005, which time Mumbai’s many people are suffering from lots of problem because of heavy rain & flood that time Hindusthan help many people in its areas people effected by flood.

In addition to the above, The Hindusthan continues to focus on building its clients creditability such as training to them for growth provide financial literacy. The Hindusthan has gained satisfactory experience of undertaking Micro finance activities over the previous period from July 26th 2005 and has disbursed Rs. 100 Million to microfinance clients.

Hindusthan Microfinance has one corporate office in Mumbai at Kurla (West), (Maharashtra- INDIA) that support & managed all the branches of this and expand operations to new area in all over in Mumbai, Thana & New Mumbai districts.

Hindusthan Microfinance’s corporate office monitors the performance of the all its branches and it works directly with fenders to secure funding for network activities and growth, monitors these investments and reports to the providers.

Hindusthan has followed Joint liability group (JLG) and individual lending model for its Microfinance activity, carried through its existing branch network. The JLG size is varying between 3 to 5 members per JLG. The loans are extended to individual members of the group based on group consensus. All the members of the group guarantee the loans.

Before starting microfinance Hindusthan working in Co-opetative field that society is registered on the name of “Hindusthan Co-op. Credit Society Ltd.” (HCCS) The cooperative attributes its exponential growth and good recovery performance to the “Social Banking” concept it follows. On one hand it provides customer friendly banking services and on the other hand it sponsors various socially desirably activities its members & general public. The cooperative has 8 branches spread over Mumbai and Thana cities in Maharashtra (INDIA). The cooperative has membership base of 15 Thousands peoples & its turnover is up to 200 Million as on 31st March 2007. It has achieved this scale in just 19 years of operational existence that too in economically competitive region of Mumbai. HCCS, for its cooperative credit operations, it is following the individual model for lending products. It has developed a series of lending and saving products servicing the diver’s need of their client’s base spread across Mumbai & Thana city. HCCS offer financial products of the clients offer personal and two wheeler loan for different period.