Mimoza
Enterprises
Finance
Private Ltd
(MIMO)
Mimoza Enterprises Finance Private Ltd (or MIMO) is a new generation
microfinance organization based at dehradun. Initially the promoters of this
company started with a Non-government organization called “Partners in
Prosperity” registered under the Societies Registration Act, 1860 at delhi in
the year 1998. However, the society started its microfinance operations in
the year 2006 with its own resources in dehradun. With the pressing need of
mobilizing finance for on-lending, the promoters acquired a non-banking finance
company (NBFC) namely, Shah Sandhu Finance Company Private Ltd (SSFC),
registered with the Reserve Bank of India in the year 2007. Subsequent to
the acquisition of SSFC, Partners in Prosperity’s loan portfolio and borrowers
were transferred to SSFC during May 2007. It further received equity support
from Bellwether Microfinance Trust for its microfinance program. The company
changed its name to Mimoza Enterprises Finance Private Ltd after due
approvals.
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