About:
Belstar Investment and Finance Limited
Description
Belstar Investment and Finance Limited is a non-bank finance company based in Bangalore, India. It is the “microfinance delivery arm” of Hand in Hand, a nongovernmental charitable organization that “aims to reduce poverty through creating jobs in microfinance, education, health, and information.” Hand in Hand acquired Belstar in 2008. Its primary products are loans used for creating microenterprises.
Belstar does not report to the MIX Market, but its parent organization, Hand in Hand, does:
http://www.mixmarket.org/mfi/hih
Organization’s Website
http://www.ifc.org/ifcext/spiwebsite1.nsf/1ca07340e47a35cd85256efb00700cee/191F3379299E27C38525764A006D7C38
Just the Facts
-Country of Incorporation: India
-Year Founded: 1988
-Legal Status: Non-Bank Finance Company
-Gross Loan Portfolio (based on Hand in Hand MIX Market profile): USD 4.6 million (as of 31/March/09)
-Number of Active Borrowers (based on Hand in Hand MIX Market profile): 75,466 (as of 31/March/09)
-Participant(s)/Backer(s)/Investor(s): IFC, Dagens Industri, Avanza Bank, Radiohjalpen, Virgin, Salcomp, FMO, Voxtra Foundation, Swedish Medical Aid,
-Products: Loans
-Funding: Loans in Local Currency, Donations, Capacity Building Grants, Equity investments, Loans in USD
Contact Information
Ms. Kalpana Sankar
Belstar Investment and Finance Pvt. Ltd.
Mahbubani Tower
No. 48, 2nd Floor, North Boag Road, T. Nagar
Chennai 600 017
Telephone +91 44 45544024
Additional Resources
Hand in Hand: http://www.hihseed.org/
Hand in Hand Annual Report 2007-2008: http://www.hihseed.org/upload/other/PDF/Annual_reports/Hand_in_Hand-Annual_Report_2007-2008.pdf
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