“From financial inclusion to inclusion in growth”
TIREN (Tiny Rural Entrepreneurs) is a microfinance company registered as a for profit company on June 2024. It is a subsidiary of Sanghamithra Rural Financial Services which is a not for profit company registered in 1995. TIREN believes in profit but not in profiteering (maximizing profits); it focuses on fostering partnerships with tiny entrepreneurs / agripreneurs aspiring to be self- employed in off-farm livelihoods and value added/innovations in on-farm activities. It endeavours to meet the demand for larger loans required by tiny entrepreneurs who have left the city where they acquired several skills and returned to villages to set up small enterprises.
VISION:
TIREN envisions an integrated and holistic intermediary support system to promote and facilitate self-employment of tiny entrepreneurs.
MISSION:
“To partner and grow with the marginalised rural/ semi-urban families in their aspirations to be self-employed based on the pillars of personal connect, risk sharing and capacity building before and especially after the loan is extended”
“To enable tiny entrepreneurs to have access to and work comfortably with formal financial, marketing, skilling institutions and digital platforms which are critical for inclusion in sustainable growth”.
“To influence public policy in support of reducing risk of lending institutions and borrowers related to unsecured loans below Rs 2 lakhs in the informal sector and in support of primary security for loans above Rs 2 lakhs”.
Who We Serve
TIREN works with individuals and groups who aspire to build or expand sustainable livelihoods through off-farm and value-added on-farm livelihood activities.
Tiny Rural Entrepreneurs/ Agripreneurs
TIREN supports tiny entrepreneurs/agripreneurs in rural / semi-urban areas to build sustainable off farm and on farm livelihood sources and to provide them with technical and management skills from CSR.
Women Entrepreneurs
TIREN empowers women to lead, grow enterprises, and achieve financial independence. It builds leaders who inspire self-reliance innovation and support SHGs and CMRCs.
Returning Migrants
TIREN supports those returning from cities where they acquired skills to their villages to be self employed since jobs in government and private sector are limited.
TIREN’s Operational Objectives:
- To qualify to become a NBFC; this requires an equity investment of Rs 10 Crs; this will take time.
- Meanwhile to function as a Business Correspondent; already two MOUs have been signed.
- To test the TIREN Model as a learning exercise; this is ongoing.
- To train SRFS staff to manage TIREN loans and shift them to TIREN; this is ongoing.
- To adapt loan origination and loan management software to cope with TIREN’ s requirements; this is ongoing.
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