Annapurna Finance Pvt. Ltd, AFPL, is one of India’s largest and fast growing Non-Banking Microfinance Institutions (NBFC-MFI). AFPL’s purpose is the growth of microfinance operations in the areas in India which are still not covered by the formal financial system and to provide livelihood support to the poor households by providing financial and technical support to strengthen their entrepreneurial skill. AFPL has a differentiated model primarily relying on Self Help Groups (SHG), unlike other MFIs in India that use the Joint Liability Group (JLG) model of lending. SHGs are required to save and demonstrate intra group transactions for one month, before being eligible for loans. AFPL today manages a gross loan portfolio of ~USD 304 MM and growing, and has operations across 14 states in India through 498 branches, with over 1.3 million clients. Annapurna also enjoys the highest possible social rating A from Microfinanzas Rating.