Chaitanya

 About Chaitanya

Chaitanya’s mission is to improve the lives of low income families through provision of Financial Services 

 

We want to be part of India's growth story and contribute towards reducing poverty and improving the lives of the poor.

 

What drives Chaitanya

• Close to 600 million Indian's live on a annual household income of less than Rs. 90,000 in real 2000 terms (NCAER*)

• In 10 years, from 2005 to 2015, 243 million Indian's would be spared a life of poverty(household income > Rs. 90,000) due to India's economic growth

• More than 60% of Indian households are currently financially excluded, but by 2010 this number is expected to fall to 47% (BCG**)

* National Council of Applied Economic Research

** Boston Consulting Group 

Latest Update

Clients -4,613

Total Loans Given - Rs.4,08,90,000

Outstanding Loan - Rs.3,20,00,000 

Branches - 4

As on July 24, 2010

Latest News

Chaitanya was graded mfR5 by CRISIL in June 2010.

Chaitanya is going to start its operations by August 2010 in KOPPAL and BAILHONGAL Regions.