Agri Credit Livestock Women

Moneyboxx Finance livestock farmer financer listed on BSE, has 57% women account


Moneyboxx Finance Ltd., a livestock farmer financing company listed on the BSE, has disbursed over ₹1,200 crore as of March 2024. Women account for 57% of the 1.10 lakh borrowers, with 35% seeking credit for the first time.

The company has opened its 100th branch in Firozabad, Uttar Pradesh, to offer small-ticket business loans to micro-enterprises. The BSE-listed company recently opened new branches in Bihar and Gujarat, according to a company statement.

With this, it has branches in eight states: Rajasthan, Punjab, Haryana, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Bihar, and Gujarat. It intends to open 60 new branches during the fiscal year 2024–25, according to the announcement.

Reaching unmet credits

The company aims to meet the growing and unmet credit needs of micro and small businesses in Uttar Pradesh by providing unsecured and secured business loans ranging from ₹70,000 to ₹10 lakh to individual borrowers in Tier III and below cities.

Mayur Modi, co-founder of Moneyboxx Finance Ltd., stated that with its differentiated and proven “phygital” business model, which includes a strong customer connection and a fully digital approach, the company aims to impact one million lives over the next five years.

Also Read: NABARD Chairman says SHGs making women financially strong and self-sufficient.

“Through our various beyond lending initiatives, such as complementary veterinary services, agroforestry initiatives, and funding of biogas digesters, we aim to make a noticeable impact on the lives of our borrowers and the environment,” he went on to say.

The company is currently backed by 31 lenders, including major banks like the State Bank of India, HDFC Bank, and Kotak Mahindra Bank.

About the author


Agri News India’s ultimate agricultural news portal is dedicated to providing the farming fraternity with the latest Agri and related sector news. We believe that the power of information can transform the farming sector.

Add Comment

Click here to post a comment

Knowledge Share

Agri Academy

Agri Mock test, MCQ Agri-Economics, for UPSC/UGC NET/ASRB NET/NABARD/SRF/JRF/KSET/SO/ Competitive Exams