Spandana Sphoorty Financial

Spandana is a leading, rural-focused Non-Banking Financial Company and Microfinance Institution (NBFC-MFI) with a strong nationwide presence across various geographical regions of India. Its vision is to be the preferred choice for customers and employees in fulfilling their aspirations and to become the standard of excellence in the financial services industry. The company's mission revolves around delivering quality financial services to ensure the prosperity of communities throughout Bharat, empowering them with newfound capacity and confidence. Its primary business involves offering income-generating loans through the Joint Liability Group (JLG) model, with a special focus on supporting women from low-income households in rural areas. It designs its loan products based on the evolving needs of its customers, providing simple finance solutions through a quick and transparent process to nurture trust-based relationships. To deepen its accessibility across the country, the company has successfully expanded its network to 1,642 branches, which are now operational across 20 States and Union Territories.;