3- year rating partnership with Svasti

With the beginning of 2021 it’s also a period of good wishes, such as health, success & happiness. Speaking of #happiness – Our Rating Team is glad to announce the onboarding of a new partner: Svasti Microfinance offers microfinance, MSME loans and consumer finance to over 180k female customers in #India. Did you know? In Sanskrit and Hindi the word svasti means welfare, blessing or happiness.

Over the next three years, we will conduct an annual sustainability performance assessment of Svasti’s operations using our Agents for Impact Sustainability Alignment Rating (AFISAR©) Tool. The initial rating conducted for FY 2018/19 already indicated a comparably sound #sustainability performance at institutional and portfolio level.

“We are very glad to see the positive initial rating results and look forward to learning about the strengths and weaknesses of our #SDG performance based on the AFISAR© Tool. Particularly, the partnership will help us to not only measure and quantify the SDG performance of our operations but even compare to other organisations”, commented Mr. Arunkumar Padmanabhan, Wholetime Director and CEO at Svasti Microfinance.

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