About Community Finance
Community Finance Private Limited (CFPL) is registered as NBFC – Non-Systemically Important Non-Deposit taking with Reserve Bank of India started its operations in the year 2017. Community Finance Private Limited is an emerging Indian NBFC based on the unique business model called the ‘Community Model’. This approach to business follows a vision for economic growth by empowering rural and semi urban households (self-employed in particular) through the availability of financial services Cover the last mile between its various branches where financial services are available and the home or place of business of the customer. This is to make quality financial services available to the customer and achieve the objective of maximum financial inclusion. It is a relationship based model as against a product based model followed by most NBFC’s in the market.
Community Holdings Pvt. Ltd, is a Singapore based company and is the holding company of CFPL. It is an Investment Company owned by Mr. Francis Andrew Rozario and his family. CFPL is a wholly Owned Subsidiary Company of Community Holding Pvt. Limited. It was incorporated for the purpose of making investments into the financial sector. The company will leverage the expertise of its directors in the financial sector, to support and grow Financial Institutions, with special focus on Salaried, Self Employed and MSME segments.
The availability of financial services in rural areas is extremely important for the growth of the economy of the country, as this will enable a large number of rural households, which are primarily self-employed, to fund the growth of their livelihoods. The growth of the economy is dependent to a large extent on the growth of the rural markets in the country. Community Holdings intends to operate a new community based NBFC in India. The business model has been named as ‘Community Model’.
