Dvara KGFS (Kshetriya Gramin Financial Services) (Direct, Equity)
Dvara KGFS was incorporated in August 2008 by Dvara Trust, a private trust set up with the mission “To ensure that every individual and every enterprise has complete access to financial services.” Dvara KGFS works to achieve this goal by setting up a network of branches in remote rural areas that offer a range of financial products and services. Dvara KGFS currently operates in the states of Tamil Nadu, Odisha, Uttarakhand, and Karnataka, serving individual customers and enterprises in remote rural areas. The organization instills this mission into business by facilitating and originating financial products and services on behalf of financial institutions (NBFCs & Banks) through a unique branch-based business model called Kshetriya Gramin Financial Services (KGFS: KGFS translates to Regional Rural Financial Services). Dvara KGFS operates through a customer-centric technology-enabled model, whereby household information is collected to generate a financial well-being report, which acts as a tool to determine the suitability of a product opted by a customer. Dvara's headquarters and branches positioned in different locations cater to a clearly defined geographical area spread over a contiguous location with a population of 5 million. On the distribution front, Dvara partners with banks and other financial institutions under the direct origination model, serving as a business correspondent (BC).
Website: www.dvarakgfs.com/