Namdev is an RBI registered NBFC based out of Jaipur, Rajasthan and caters to underserved community in rural India by providing affordable credit for income generating purpose. Namdev’s products include secured business loans and vehicle finance (two-wheeler and used commercial vehicle). Namdev’s usual customers are dairy companies, small retailers, pharmacies, food processors, consumer goods wholesalers, farmers and textile companies.

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Unnati Agri provides AI and data-driven end-to-end agricultural management services to farmers including farm diagnostics, farming lifecycle management, supply chain management and banking services. Through Unnati’s app, millions of farmers find a market for sugar cane, maize , wheat, cotton, mustard and pulses.

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SuperZop an agritech company based out of Mumbai, Maharashtra. It connects the farmer directly with the store using innovative technology and gives access to a wider procurement base from farmers and FPOs.

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Country Rwanda
Facility RIF II

Enabled via Incofin RIF II TA facility, Incofin has been working with Unguka Bank to develop an agricultural lending strategy, related products and methodologies as well as to migrate to a new, more efficient core banking management system. Three types of agricultural value chains have been identified as the most promising to be financed by Unguka Bank: egg, rice and Irish potato. The product prototypes and related methodologies are currently being piloted in three branches of Unguka Bank and are expected to be rolled out in early 2018. Unguka Bank aims to reach 15.000 new clients with the new products which will represent 20% of its total loan portfolio by 2018.

Country Pakistan
Facility RIF II

Recognising the unique opportunity to support a growing institution with a strong social mission, Incofin designed a comprehensive TA program to help Khushhali transform from a mono-line business model with a single group lending product into a dynamic, full service bank supporting small business owners across the country. The program not only allowed Khushhali to develop new MSME products and build expertise within the organisation, but also to craft a new business strategy and brand identity, propelling Khushhali’s future growth as it strives toward greater financial inclusion in Pakistan.

“The Incofin Technical Assistance Grant was instrumental in the transformation of Khushhali from a micro to a small enterprise bank. A first mover advantage in a largely un-served market” – Ghalib Nishtar, President and Chief Executive Officer 

Country Cambodia
Facility RIF II

With Incofin’s TA support, AMK conducted an extensive survey of rural households to understand their unique financial needs, better positioning AMK to design products and services that respond to real challenges its clients face. Upon discovering that many rural families have no means of saving for retirement (i.e. daily, medical and funeral expenses), Incofin supported AMK in developing a “Happy Old Age” pension product to provide greater income security for Cambodian families, which is now being rolled out across AMK’s nationwide network.

“The new Pension Fund Product, part of AMK’s savings product diversification strategy, could not have been created without the strong support of Incofin. Incofin does not only provide financial support to AMK, but has also connected us to consultants with wide-ranging expertise and effective project management abilities, enabling AMK to reach beyond expectation.” – Sophy Pum, Head of Deposit and Branchless Banking Product Development