Prayas Financial Services Private Limited (PFSPL) is a Private Company registered with Reserve Bank of India (RBI) as a Non-Banking Finance Company especially as NBFC – MFI with effect from February 06, 2020. Currently, the Company has established 21 Branch Offices, which are situated in the state of Gujarat, Madhya Pradesh and Rajasthan to provide microfinance to the unemployed or low-income families who otherwise would have no other access to financial services.
It aims to give financially weakened people an opportunity to become self-sufficient. Usually, areas of operations of extending small loans are rural areas and among low-income people in urban areas.
"I used the loan for livestock rearing which increased my income. Today I earn upto Rs 25,000 per month. Many thanks to PRAYAS."Surendranagar, Gujarat.
"I took a loan from PRAYAS and started a cutlery shop. With third and fourth loan, I made my shop bigger. Without PRAYAS, I would not be able to make my shop bigger with labour work. PRAYAS has helped me a lot."Bhabra, Alirajpur, MP.
"I used to do fabrication labour work. Today I have my own fabrication shop and 3-4 workers are working with me. My life has changed after taking loan from PRAYAS."Dahod, Gujarat.