- Founded in
2008
- Company Industry
Financial Services
About us
Sonata Finance Private Limited is a Microfinance company registered as NBFC-MFI (Non-Deposit taking) Non-Banking Finance Company withReserve Bank of India, with its registered office in Lucknow.
Established in January 2006, the company is engaged in financial inclusion and economic empowerment of women and underprivileged sections of the society. The company is a renowned microfinance player in North India, with operations across 130 districts in 9 States, viz., Uttar Pradesh, Madhya Pradesh, Jharkhand, Maharashtra, Uttarakhand, Punjab, Haryana, Bihar & Rajasthan.
Sonata provides loans to joint liability groupsas well as individuals for a range of income-generating activities. It caters to more than seven lakhclients mostly, in rural and semi-urban areas. Besides lending for income generation activities under the joint liability group (JLG) model, the company provides a wide range of products including sanitation loans, housing loans, utility loans, two-wheeler loans individual loans and MSME loans and to meet the financial needs of its customers.
Our Vision
The vision of Sonata is to help building a society that contains an opportunity to develop the minimal socio-economic conditions needed to live a life of dignity.
Our Mission
Sonata has set itself a mission to "identify and motivate poor women in a cost-effective way and deliver them micro finance services in an honest, timely and efficient manner." In the meantime, Sonata commits to be professionally managed, operationally sustainable and financially profitable.
Our Goal
Providing financial resources to enable poor women of rural, semi urban and urban communities to come out of poverty and get connected with formal financial institutions.
Developing a scaleable and growing business that covers a significant number of poor households while maintaining portfolio and service quality.
Providing returns to its investors to make it an attractive investment opportunity. Sonata reached breakeven in FY 2010.
- Funding Round/Series
Venture Round
- Funding Amount
$ 8.5M
- Latest Funding Date
9, 2012