Overview

Village Financial Services Ltd. (VFS) began its journey in microfinance operations in 2006, and is today recognized as one of the oldest and the most reputed microfinance institutions of Eastern India. Expanding services and operations to eight states in India, VFS has carved a rare distinction of being the first microfinance company in Eastern India to be registered as NBFC-MFI under section 45-IA of the Reserve Bank of India. It is also the first ISO certified microfinance company in India.

Outreach

  • States
  • Districts
  • Branch Offices
  • Loan Outstandings
  • Customers
  • West Bengal
  • Bihar
  • Jharkhand
  • Assam
  • Tripura
  • Sikkim
  • Odisha
  • Uttarakhand
  • Madhya Pradesh
  • Chhattisgarh

Products

Presently Village Financial Services has two (2) broad microloan products against which loans are disbursed.

The general eligibility criteria for availing the loans as listed below:

Loans

General Criteria:

  • Only women borrowers are eligible
  • The borrower must be a member of a Joint Liability Group (JLG)
  • The loan is meant to be used for income generating activity only
  • Household Annual Income of the borrower should not exceed Rs. 1,00,000/- or Rs. 1,60,000/- in rural area and non-rural area respectively
  • Disbursement of the loan amount has a maximum limit Rs. 1,00,000/-
  • Loan should not exceed Rs. 25,000/- in the first cycle
  • Total indebtedness of the borrower should not exceed Rs. 1,00,000/-
  • Other terms and conditions will be applicable as per RBI regulations

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Careers

Customer Service Representative
Department : Operations
Location(s) : West Bengal, Assam, Bihar, Jharkhand, Orissa, Uttarakhand, Sikkim, Tripura
Position Summary : CSR is responsible in developing business, maintain the portfolio quality as per the standard, Collection from Customer and shall assist the Branch Manager to achieve the overall Branch operational targets and objectives.
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Operation Executive (OEX)
Department : Operations
Location(s) : West Bengal, Assam, Bihar, Jharkhand, Orissa, Uttarakhand, Sikkim, Tripura
Position Summary : Operation Executive is responsible in assisting the Branch Manager in all respects in terms of internal as well as external operational issues.
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Branch Manager-Operations
Department : Operations
Location(s) : West Bengal, Assam, Bihar, Jharkhand, Orissa, Uttarakhand, Sikkim, Tripura
Position Summary : Branch Manager-Operations is responsible for the managing the entire microfinance operations of the assigned branch, keeping the overall business objective in mind.
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Sr. Executive/ Executive Training
Department : Human Resource
Position Summary : Sr. Executive/ Executive Training is responsible to ensure that the training needs of the employees are met through the proper planning and implementation of trainings from time to time.
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Position: Manager/Assistant Manager-Internal Audit
Department : Internal Audit
Position Summary : The Manager/Assistant Manager would implement overall compliance of processes at branch level thereby minimizing error and business risk.
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