About Us

Shalmala Finance Limited is based in the coastal Karnataka region of India and operating as a non-banking finance company since 1997. We are engaged in providing microfinance services to individuals from poor segments of rural India.

Our microfinance business currently provides small loans primarily to poor women located in rural areas in Coastal and Northern regions of Karnataka. These loans are provided to members essentially for use in their small businesses or other income generating activities. These individuals often have no, or very limited, access to loans from other sources other than private money lenders that we believe typically charge very high rates of interest. The company plans to expand its operations to all of Karnataka and other states of India very soon.

We also use our distribution channel to provide other services and goods that our members need. We conduct various training and mentoring programs to help them start small enterprises and also distribute and administer a very affordable health insurance policy product for our members.