Guna, Nov 17, 2022: Varthana Finance, a Non-Banking Finance Company (NBFC) and a pioneer in providing school loans to affordable private schools and domestic higher education loans for lower-income families, today inaugurated a branch in Guna, Madhya Pradesh. With this launch, Varthana now has a network of four branches in Madhya Pradesh. The other branches in this region are located in Indore, Bhopal and Jabalpur.
Varthana aims to reach out to 1,500 affordable private school customers in the region and strengthen their financial and non-financial services. The Guna branch will serve the surrounding locations of Gwalior, Shivpuri and Ashok Nagar.
Varthana’s branches aim to nurture their goal of making affordable education accessible and reach out to the grassroots of rural India. It enables organizations to build strong relationships and provide a wide range of customized loan services to schools to meet their needs. It will serve five spoke locations, and serve up to 1,500 schools in the region.
On the occasion, Steve Hardgrave, CEO and Co-founder, Varthana Finance, said, “We are delighted to announce the launch of a branch in Guna. We aim to bridge the gap in education financing and reduce the employability gap in India by supporting affordable private schools and students pursuing domestic higher education, with affordable financing options. To date, Varthana has disbursed loans to nearly 1,000 schools in Madhya Pradesh.”
“Our branches are a step towards increasing access and improving the quality of education for students by providing financial and non-financial support to affordable private schools. Each branch has up to five Relationship Managers to cater to the needs of the schools around and connect at least five spoke locations,” Steve added.
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