Dhanvarsha Finvest enters into Co-Lending Partnership with Central Bank of India

09 Aug 2021 Evaluate

Dhanvarsha Finvest has entered into a Co-Lending Partnership with Central Bank of India (CBOI) for providing hassle free customized lending to MSME Gold loan customers. In this partnership, the company will originate, service and collect on MSME gold loans under a joint credit and eligibility policy decided between the two entities. CBOI will take 80% of these loans in its own books while the company will retain 20%.

Definitive Agreements for the aforesaid Co-lending partnership have been executed between the Company and CBOI on August 07, 2021. This partnership will enable robust portfolio growth for both entities while offering customized solutions and a superior experience to the underbanked and underserved MSME customer.

Dhanvarsha Finvest was formed with a clear foresight to accelerate the dream of achieving more broad based financial inclusion in India. The company aims to attain this objective by providing sustained, customized and affordable financing solutions to the Micro, Small & Medium Enterprises (MSME) and Low to Middle Income (LMI) groups.

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