Suryoday Microfinance

Operations

Our Business Model

The Company operates in and distributes loans to customers who reside within a ten kilometre radius of a branch – with a core/carpet coverage area in the first five kilometre radius and a selective/extended coverage area over the next five kilometres.

Suryoday shall build presence in selective cities/towns based on the following criteria.

Pleasant and Safe Environment
Excellent Law and Order Situation
Supportive Government Agencies
Active NGOs in Environment, Social Issues
Quality Healthcare Facilities
Reasonable Cost of Living
Attracts Tremendous Opportunities for Talent
Ideal Mix of Urban/Semi-Urban/Rural Locations

Suryoday decided to begin its operations from Pune, seeing it as a gateway to the Western Region. Suryoday intends to expand its operations in selective markets and establish its footprint across India, especially in areas that are currently under-served by MFIs.

Suryoday currently has 27 Branches - 7 in Pune/Maharashtra, 2 in Mumbai/Maharashtra, 5 in Solapur/Maharashtra, 3 in Kolhapur and Sangli/Maharashtra, 2 in Chittoor/Andhra Pradesh, 2 in Salem/Tamil Nadu, 2 in Trichy/Tamil Nadu, 1 in Coimbatore/Tamil Nadu, 1 in Bhubaneswar/Odisha and 2 in Ahmedabad/Gujarat.