Ujjivan Financial Services Private Limited

South Asia Financial services

Bangalore-based Ujjivan started operations as a microfinance institution (MFI) in 2005 with the aim of providing financial services to the economically active poor.

It currently operates across 24 states and union territories, and 209 districts across India, making it one of the largest MFIs in terms of geographical spread. It serves over 2.77 million active customers through 457 branches and directly employs over 10,000 staff.

Our investment

In 2015, CDC announced an investment of up to $26 million in Ujjivan, as part of an equity financing round of INR 6,000m. This investment will allow Ujjivan to provide more loans across a wider geographic area.

Expected impact

Historically, Ujjivan has focused on group lending microfinance for groups of women on low-incomes in urban areas.

Typically, these people are vegetable vendors, maids, porters and construction workers whose annual wage is less than INR 120,000 (c$1,900). In recent years, the MFI has also started to lend to individual micro-entrepreneurs to fund expenditure such as the purchase of equipment or livestock.

It also offers family loans to low-income women to cover school expenses of children, medical care, and house repairs.
Both the business and personal loans contribute to wider economic security and stability in these under-banked communities.

Environmental and social aspects

We played an active role in developing Ujivan's environmental and social policies, helping the institution implement a code of conduct and join the Smart Campaign that promotes responsible lending among micro-finance institutions.

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

South Asia

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Direct Equity
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

March 2015

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.