Welcome to SAIJA

SAIJA Finance Private Limited is the first NBFC-MFI (Non-Banking Finance Company – Micro Finance Institution) to be based in the state of Bihar and has completed 10 successful years of its operations. The company has its headquarters in Patna and Registered office in New-Delhi.

SAIJA was formed with a focus on providing microfinance services to urban and rural poor, as well as micro and small businessmen, in the underserved geographies of Northern & Eastern India, starting with Bihar. The geographic regions served by SAIJA are amongst the poorest in India and also are grossly underserved by formal financial institutions. SAIJA today serves 1,20,010 clients across 61 districts of Bihar, Jharkhand, Uttar Pradesh, Punjab and Haryana operating with 101 branches. SAIJA was conceptualized and founded by Mr. Shashi Ranjan Sinha and Ms. Rashmi Sinha in April 2007.

What’s New
Milestones

2019
    • The launch of mobile-based of front-end technology
    • 1st company to complete ten successful years as a finance company in the 100 years history of Bihar as a state.
    • 1st Multistate MFI to have over 50% of its portfolio in Bihar.
    • 1st MFI to create a Super 30 Entrepreneurship Development Program for women in Bihar.
    • 1st MFI to celebrate its 10 th anniversary with 6000 of its select clients in Bihar .
    • 1st MFI to create a world record in the production of Foxnut pudding ( makhana kheer ) to promote the huge export potential of Foxnut.
2018
    • M-Cril has rated high in Third Party Evaluation for customer service index
    • SAIJA is expanding its operation in Punjab
    • Saija has received Green Certification from Maruti Consulting for Solar initiatives
    • M-Cril has rated high in Third Party Evaluation
2017
    • Implementation of Progress out of poverty Index (PPI).
    • SAIJA enters Haryana.
    • SAIJA has been rated BBB (-) by ICRA.
    • Technical Assistance by Blue Orchard for capacity building.
    • Fresh equity fusion of by ACCION & Pragati.
2016
    • ICRA has rated high ( SP2 +) in Social Performance Assessment
    • Successful implementation of solar energy program with TA support from USAID
2015
    • Saija expands into Uttar Pradesh
    • Awarded with Skoch Order of Merit Award-2015 for its exemplary work done in the field of Financial Inclusion and OMNI enterprise implementation
2014
    • Saija is one of the three state companies in Bihar’s Innovation Forum list of 67 finalists identified for high impact innovation
    • Recognized by CRISIL as one of the emerging MFIs in the recently published report – “India’s 25 Leading MFIs”
    • Saija is graded MF2 by ICRA which implies high sustainability of operations
    • Saija expands into Jharkhand
2013
    • Saija is identified by SIDBI for support under their DFID sponsored PSIG (Poor State Inclusive Growth) Programme
    • SIDBI invests INR 300 lakhs in the form of Optionally Convertible Preference Shares (OCPS)
    • Saija entrusts Tower Watson for restructuring compensation and performance management system
    • Agreement with IFC for providing technical assistance
2012
    • Equity infusion from Accion and Pragati
    • Rated A for Code of conduct Assessment by Access Assist sponsored by SIDBI
2011
    • Partnership with IFMR trust
    • Launch of Cashless transaction in partnership with EKO
2010
    • Installation of state-of-the-art MIS software OMNI Enterprise.
    • Three new branches opened
2009
    • Equity Investment from Accion
    • Branch and Head Office separated with two branches in Patna District
    • Expansion outside Patna district
2008
    • Saija Finance Private Limited formed as a Non Banking Finance Company (NBFC) in April
    • Loan portfolio of Saija Vikas transferred to Saija Finance Pvt Ltd
    • Technical assistance agreement with Accion International
    • Second loan product Saija Mahila Rin launched
2007
    • Saija Vikas gets registered as a society
    • First loan product Saija Karobar Rin launched
    • Saija disburses its first loan to SKR clients
 
Business Snapshot Sep’20
  • Clients: 1,20,010
  • Portfolio: Rs 254.4 Cr.
  • No of Employees: 763
  • Branches:  101
  • States: 05
  • Districts: 61

 

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