IMPETUS to support Micro-finance Institutions in India to raise funds
New Delhi (India), April 2: In a bid to create a comprehensive ecosystem for micro finance institution in India ‘IMPETUS’, a digital platform to facilitate fund-raising, has been rolled out by MFIN (Micro finance Institution Network) in partnership with Mindstone Maven LLP. The online platform, IMPETUS exclusively meant for the NBFC-MFI Members of MFIN, has been designed as a dynamic and interactive system to showcase qualitative & quantitative aspects of the micro-lenders to a range of prospective Investors & Lenders.
“The platform aims to create a comprehensive ecosystem, wherein the lenders & investors can have continuous access to updated, validated, and curated information on the MFIs. The platform also facilitates fund-raising interactions between the MFI and the lenders/ investors,” said Mr. Alok Misra, CEO, MFIN.
MFIN, with its primary objective to work towards the robust development of the micro-finance sector, has taken this impactful initiative to provide positive impetus towards growth of its MFI members, particularly to the small & medium MFIs.
According to Mr. Misra, “This initiative is a major milestone that can go a long way in creating a robust & transparent funding ecosystem for MFIs. Mindstone, the technology & business support partner for IMPETUS, aims to develop this platform into most preferred channel for MFI funding participants with robust primary & secondary market capabilities.”
“We are extremely excited to have this opportunity to create a positive impetus to the MFI ecosystem, which aligns perfectly with our own organizational vision to support the small & mid segment ecosystem”, says Mr. Subash Prasar, Managing Partner, Mindstone Maven LLP.
The platform features prominent key functionalities like Comprehensive data collection, data curation, intuitive dashboards, transaction initiation, transaction facilitation, transaction tracking, Coordination, interaction logs, etc. Going forward, the platform is aiming to achieve further enhancements in technology & tools to strengthen capabilities to support credit decisions & secondary market transactions for lenders & investors.
