SONATA FINANCE has set itself a mission to "identify and motivate poor women in a cost-effective way and deliver them micro finance services in an honest, timely and efficient manner."
The vision of SONATA is to help building a society that contains an opportunity to develop the minimal socio-economic conditions needed to live a life of dignity.
SONATA has set itself a mission to "identify and motivate poor women in a cost-effective way and deliver them micro finance services in an honest, timely and efficient manner."
In the meantime, SONATA commits to be professionally managed, operationally sustainable and financially profitable.
Providing financial resources to enable poor women of rural, semi urban and urban communities to come out of poverty and get connected with formal financial institutions. SONATA's ambition is to ensure that at least 50% of people who enter the program cross the poverty line within 5 years of participation in the program.
Developing a scaleable and growing business that covers a significant number of poor households while maintaining portfolio and service quality. In 5 years SONATA intends to serve more than 200,000 families.
Providing returns to its investors to make it an attractive investment opportunity. Micro Finance Insitutions (MFI's) replicating the original Grameen approach usually require between 5-10 years to achieve breakeven and sustainability. SONATA has reached breakeven in FY 2010, thanks to its fast track growth model.
SONATA FINANCE PRIVATE LIMITED