The Venture Codex

Participated · Debt Financing · Apr 2022

Pahal provides joint and individual microloans plus health and life insurance to low-income families, with lending intended for enterprise, housing upgrades, agriculture, livestock, education, consumption and vehicles. The institution focuses on financing smallholder farmers and producer organizations and aims to deliver qualitative improvements in clients' living standards and social status. As of 2022 Pahal operated 210 branches, served about 350,000 customers (nearly all women) and had total assets of INR 10 billion (USD 130 million). Established in 2011, the firm also counts investors such as Base of Pyramid Asia and Dia Vikas Capital. Pahal plans to roll out an agriculture-specific loan product and build an environmental performance monitoring system to track impact and performance.