To facilitate a financially empowered, independent society

WeGrow works in the financial inclusion space providing microloans & promoting entrepreneurship amongst the vulnerable section of the society.

Overview

Wegrow India is a dedicated organisation on a mission to foster financial inclusion and holistic development among the underprivileged sections of society, with a special focus on women. Our vision is to create a financially inclusive society where quality financial services and comprehensive development initiatives uplift the lives of those in need, particularly in the eastern and northeastern states of India.

Performance Highlights

(As of November, 2024)

State

2

Districts

8

Branches

32

AUM (Cr.)

92.35

Borrowers

34,658

Total Staff

192

Products & Pricing

This loan is exclusively for poor women in underserved areas who run small businesses or income-generating activities but lack the capital to do so.

Prerona

This loan is specifically designed for underprivileged women engaged in business or income generating activities with elevated financial needs.

Ananya

WeGrow created a special loan for people in poverty to help them get clean water and better sanitation.

Water & Sanitation

This product is made specifically for small businesses, start ups, and self-employed professionals to grow their businesses

MSME

Microfinance Loan Products

Min Interest rate p.a

Max. Interest rate p.a

Average Interest rate p.a

Prerona

26.5%

Ananya

26.5%

MSME

26.5%

Water & Sanitation

26.5%

Success Stories

Sumitra Barman, a 54-year-old from Falakata, Alipurduar district, West Bengal, borrowed ₹50,000 from WeGrow Financial Services Pvt. Ltd. in 2020. This loan helped her establish a successful grocery and cosmetic shop, ensuring her family's well-being and her children's education. Despite fierce market competition, Sumitra's hard work paid off, making her financially independent. She continues to be a member of WeGrow, securing a ₹60,000 loan to expand her business and maintain her optimism for future income growth.

Sumitra Barman

News Update

SKOCH Award

WeGrow Financial Services Private Limited has been recognized with the prestigious ‘SKOCH’ award for ‘Job Generative Growth ‘. The award was handed over to Mr. Bishwajit Das, Chairman & Managing Director of the company in the 100th summit of SKOCH at New Delhi on 30th November’2024. Mr. Das has addressed on “Financial Inclusion & Financial Deepening”.

The recognition reflects the unwavering commitment of the Employees and Management of the company for creating impactful employment opportunities at the grass root level for their penetration in the socio-economic growth platform.

WeGrow Foundation Day

On July, 19, 2024, WeGrow proudly celebrated its Foundation Day, marking another milestone in our ongoing journey of empowering women through financial inclusion. The event was graced by esteemed senior bankers, who have been instrumental in supporting our mission. This auspicious occasion was made even more special as we felicitated our dedicated women borrowers and staff members who have been with us for over a decade. The recognition of our loyal borrowers and staff highlighted the enduring relationships and trust that form the backbone of WeGrow’s success. Our foundation program featured an engaging Fireside chat with Mr. Tamal Bandyopadhyay, an award-winning author and journalist known for his passion for banking and finance.

35th Annual General Meeting

We are delighted to share the successful completion of our 35th AGM at The Maureen at Baguiati, Kolkata on 6th July, 2024. This significant event was attended by our esteemed Directors, shareholders, and key stakeholders.

We thank all our stakeholders, shareholders, well-wishers for attending the Annual General Meeting and made it a successful one.