Swadhaar is born as the brainchild of two friends embarking on a journey together with a shared vision. Veena Mankar and Late Haseena Vahanvaty’s dream of providing financial access to poor and low income working women and entrepreneurs bears fruit. They choose to start work in the slums of Mumbai, a city both have lived in and love. Swadhaar FinAccess (SFA) is launched in Mumbai as a non-profit entity offering micro-credit.
Swadhaar Information and Management Services Commence business as a Business Correspondent for RBL Bank Ltd initially distributing micro-credit for joint liability groups (JLGs).
FinServe expands operations to Tamil Nadu with loans for Micro and Small Enterprises (MSMEs). FinServe also voluntarily de-registers its NBFC-MFI status, with Reserve Bank of India. It now operates as a Business Correspondent exclusive to RBL Bank, thereby enabling the provision of a full suite of financial products to its target segments.
Swadhaar FinServe Pvt. Ltd. becomes 100% subsidiary of RBL Bank
Swadhaar FinServe Pvt. Ltd. is now RBL FinServe Ltd.