Bangalore : Bangalore-headquartered Ujjivan Financial Services, a leading microfinance institution serving over 2.5 million customers across India, has reduced its interest rates on group loans by 0.6% to 23% p.a. effective August 10th, 2015.

Samit Ghosh, Founder and Managing Director, Ujjivan Financial Services said, “We consistently pass on the benefits of lower cost of funds & efficiency in operations to the customer by lowering our interest rates. This enables a large section of our women customers who are micro-entrepreneurs to profitably scale up and build a vibrant businesses.”