Mimo Finance is the brand name under which Mimoza Enterprises Finance Co. Pvt. Ltd. (NBFC) conducts its microfinance operations. Their aim is to provide sustainable access to microfinance, particularly to women, as it allows individuals to generate income, creates jobs, enables families to obtain health care, and empowers them to make choices that best serve their needs.
Thus far, their services have been focussed on urban and peri-urban areas along the major highways and towns in Uttarakhand, Western Uttar Pradesh, Haryana, Himachal Pradesh, Rajasthan and Madhya Pradesh. As of 31 January 2010, Mimo Finance had 46,516 active loan clients and had disbursed 94,519 loans in total.
Mimo Finance has established financial relationships with ABN-AMRO Bank, Axis Bank, Bellwether Microfinance Fund, Bellwether Microfinance Trust, Citibank, Development Credit Bank (DCB), Friends of Women’s World Banking (FWWB), Housing Development Finance Corporation (HDFC) Bank, HDFC Housing Corporation, Industrial Development Bank of India (IDBI), Indian Bank, Maanaveeya Holdings & Investments (Oikocredit), National Bank for Agriculture and Rural Development (NABARD), Reliance Capital, Small Industries Development Bank of India (SIDBI), and the Uttarakhand Microfinance & Livelihoods Promotion Cooperative Institution (UMFLPCI) of the Government of Uttarakhand.