Sampurna Finance offers financial services that are sustainable, innovative and tailored to low-income and disadvantaged families in West Bengal. Its objective is to promote commercial development, access to employment and social services.
Over the past few years, India has experienced remarkable economic growth, becoming the fifth largest economy in the world and one of the fastest growing. However, this growth has mainly benefited the middle and upper classes, leaving a large part of the population in poverty. The inequitable distribution of wealth in West Bengal, where Sampurna Finance's activities are concentrated, is reflected in the fact that around 30% of the urban population in this region lives below the poverty line.
Sampurna Finance recognizes the importance of giving disadvantaged populations access to financial, commercial, and social development opportunities. Financing and business opportunities can help these households bridge the gap created by their low incomes, while also addressing the root causes of their precariousness.
In 2010, Sampurna started its activities in India, West Bengal with the STEP program (Sampurna Training and Entrepreneurship Program), offering training focused on empowerment. Microfinance products were launched in Kolkata and Howrah. Then, the organization developed microfinance through the BC (Business Correspondence) model in 2019, before transferring the BC wallet to the sister company, SFSPL (Sampurna Financial Services), in 2022. Another associated company, Sampurna Skills Development Pvt Ltd (SSDPL), provides affordable training in computer science, aesthetics and design, thus promoting job creation.
Sampurna develops its services through three distinct entities:
Despite the many challenges, Sampurna recorded significant growth, with a portfolio exceeding 25 million euros in 2023, thanks to its economic model based on banking intermediation. With 51 branches in 13 regions, it pays particular attention to the protection of customers, ensuring price transparency, the terms and conditions of financial products, over-indebtedness and the responsible use of borrowed funds.
