Last deal

$36.2M
Local Amount - INR 2.8B

Amount

Venture - Series Unknown

Stage

01.04.2022

Date

3

all rounds

$105.9M

Total amount

General

About Company
Belstar Investment and Finance is a microfinance institution that provides loans and insurance to low-income households in rural areas.

Industry

Sector :

Subsector :

Also Known As

Belstar, Belstar Investment & Finance Pvt. Ltd.

founded date

01.01.1988

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

Belstar is a socially oriented NBFC-MFI that works with Hand-in-Hand India to alleviate poverty through job creation and community development. Acquired by Hand in Hand in 2008, Belstar offers scalable microfinance services to entrepreneurs supported by Hand in Hand India's Self-Help Group Program. The company focuses on both financial and social performance, providing loans and insurance to help clients build assets and create sustainable micro-enterprises. Belstar operates under the SHG model, providing loans to women entrepreneurs and offering insurance coverage exceeding the loan amount. Their services fill a gap for low-income households that are unable to access loans from commercial banks.