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Spandana Sphoorty Financial, based in Telangana, India, provides micro-loans and financial services to low-income rural women.
Founded in 1997 by G. Padmaja Reddy and based in Telangana, India, Spandana Sphoorty Financial Limited provides small loans to low-income women in rural areas for businesses, agriculture, livestock, education and healthcare. It uses a joint liability group model in which borrowers are collectively responsible for repayment. In May 2024 Siguler Guff acquired a 3.5% minority stake for INR 2.4 billion, and Shalabh Saxena is CEO as of July 2024.
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