About FCSL

Friends Capital Service Ltd. (FCSL) is started with a vision to provide microfinance services in underserved areas. It may seems surprising for many of us that on one hand Microfinance sector is discussing and debating the over indebtedness of microfinance clients and ways to get rid of it. However on the other hand many, including FCSL, aspiring to serve un-served and under-served. But the fact is large number of population which could be potential customer for micro finance; do not have access of credit from formal financial institution.

Facts & Strategy

FCSL is started with a vision to provide microfinance services in underserved areas. It may seems surprising for many of us that on one hand Microfinance sector is discussing and debating the over indebtedness of microfinance clients and ways to get rid of it. However on the other hand many, including FCSL, aspiring to serve un-served and under-served. But the fact is large number of population which could be potential customer for microfinance; do not have access of credit from formal financial institution. As per MFIN micrometer report for September 2018, NBFC MFIs, bank, NBFCs, SFBs and other entity engaged in microfinance have all together 7.77 cr. active loan accounts. This means they have less than 7.77 Cr. Borrowers, as one borrower may have more than one loan. Assuming average household size of 5 all of the players are engaged with less than 1.5 cr household across India. The outreach of all the players is insignificant consider the large population size, 134 Cr, of the country. The reason for low outreach and over indebtedness is obvious. Most of the MFIs have decided to reach in those areas where at least one or more players exist. This is to reduce client acquisition cost, as the client awareness of MFIs loan is high in these areas. Moreover, MFIs has focused on increasing loan per customer to fulfill their business requirement than increasing number customer.

Our Progress

2 Years 2013
Visual Art & Design

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1 Years 2015
Product Designer

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2 Years 2016
Web Designer

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2 Years 2018
Graphic Designer

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Our priority is to serve un-served people first and to fulfill Unsatisfied demand and narrows the Gap between demand and supply. Area survey will be done by senior officer by keeping in mind priority setup by the board.During the area survey, survey team will focus market

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