As a part of this initiative, it planted 1,600 fruit-bearing trees in Haryana in Sep’22 in the first phase and now in Dec’22, Moneyboxx in association with its execution partner Green Ananda is planting 1,800 fruit-bearing trees in Madhya Pradesh covering its borrowers in Agar, Mandsaur, Ujjain and Dewas regions. The company believes that this initiative has a high potential to bring significant change in their borrowers’ income and will have a positive ecological impact in terms of improvement in soil and air quality, water augmentation, food security, and sustainability.
Until now, Moneyboxx has transformed the lives of more than 22,000 households with cumulative disbursements of over INR 350 crores up to Nov’22.
Commenting on this initiative, Mr. Deepak Aggarwal, Co-founder of Moneyboxx Finance Ltd said, “Moneyboxx is committed to make beyond-lending initiatives as core to its business operations. India has the highest population of cattle in the world and about 2/3 of the rural population depends on the dairy industry. To help our dairy farmer borrowers, we hire qualified vets in our branches as impact officers who advise the borrowers on improving milk yield, feedstock selection, cattle health, breed improvement, and creating awareness about government schemes on cattle insurance, etc. To further support our livestock borrowers who have farmlands, we are driving the plantation of fruit-bearing trees as part of the agroforestry initiative which will lead to income elevation and sustainable development. We are committed to bringing improvements in the overall environment through multiple such initiatives in the near future.”
Moneyboxx has a network of 50 branches in six states – Rajasthan, Punjab, Haryana, Madhya Pradesh, Uttar Pradesh, and Chhattisgarh. The company plans to strengthen its presence and expand its customer reach by increasing its branch network to 60 and reaching AUM of INR 350 crores by FY23.
pic source: Adfactors PR