In August, Ujjivan became the largest MFI in Mumbai in terms of number of branches. With 21 branches, Ujjivan now has a strong presence in India’s financial capital.

Mumbai is the commercial centre of India, generating 5% of India's GDP, and accounting for 25% of industrial output, and 70% of capital transactions in India's economy. It is a unique area, very different from the conventional microfinance markets seen in other parts of the country.

Despite the bustle of business activity, MFIs have not made any significant in-roads into this market, even though the demand for credit is high.

Given this scenario, Ujjivan has made rapid progress in the city. Already, the branch in Chembur has disbursed loans to over 3000 customers. Other branches such as Bhandup, Mankhurd and Navi Mumbai have over 1000 customers. And all this has been possible within a very short span of time.

For Ujjivan, the Mumbai marketplace is just beginning to open up.