Moneyboxx Finance Limited (hereinafter referred to as“we”, “our”, or “us”, or “the Company”) prepares and publishes its Integrated Report <IR> as a comprehensive disclosure tool for the stakeholders. This is our second <IR> which encapsulates performance of FY24 and our strategies and prospects. This includes the prudent utilisation of six capitals, risk management methods, and stakeholders’ engagement philosophy which together drives our strategic success and exemplifies our value creation and preservation approach. Additionally, our report highlights our commitment to fostering innovative solutions, maintaining sustainable practices, and adhering to robust governance frameworks to ensure long-term success and responsible growth.
This Integrated Report has adopted the capital accounting methodology as prescribed by the International Integrated Reporting Council’s (IIRC) Integrated Reporting framework. The statutory reports, including the Board’s Report, Management Discussion and Analysis (MDA), Corporate Governance Report, comply with the Companies Act of 2013, the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations of 2015, and the prescribed Secretarial Standards.
The IR encapsulates Company’s financial and non-financial disclosure of FY24 with a comparative overview from FY20. The reporting period marks from April 1, 2023, to March 31, 2024. The financial information has been audited by Gaur & Associates, Chartered Accountants.
The Board of Moneyboxx Finance has applied its collective knowledge and expertise to affirm the integrity of the IR and any supplementary information referenced. To ensure robust governance oversight, risk management, and control, the contents of the IR 2023-24 have been thoroughly reviewed by senior management and subsequently approved by the Board of Directors. This rigorous process guarantees the integrity, accuracy, completeness, and relevance of the information presented.
UN SDGs | Our approach | Progress so far | ||
Enable underserved individuals to access appropriate financial services, new technology, basic services, products and goods |
1,50,000+ borrowers (including co-borrowers) and ₹ 12,000+ million disbursed 100% customers posses savings account |
|||
Serve livestock customers to promote food security, including regular cattle health screenings Offer additional services and plant fruit-bearing trees to enhance customer well-being and food security |
39,000+ unique livestock customers & ₹ 7,934+ million disbursed Median 8 cattle per farmer Veterinary services to 36,000+ customers (health screening of 3,40,000+ cattle) 12,000+ fruit-bearing trees planted |
|||
Achieve gender equality by extending micro-loans to women and providing financial literacy and credit counselling (FLCC) training Empower women entrepreneurs Ensure a diverse and inclusive workforce |
35,600 unique customers & ₹ 6,864 million disbursed 100+ beneficiary of Financial Literacy & Credit Counselling (FLCC) training 59% borrowers are women |
|||
Positively impact MSMEs by promoting job creation and economic growth, and creating employment opportunities Offering non-financial services to the customers Focus on strategic talent development, career opportunities, and employee learning, development, and well-being |
21,300+ unique MSME customers & ₹ 4,135+ million disbursed 1,50,000+ jobs created in smaller towns Veterinary services to 36,000+ customers (health screening of 3,40,000+ cattle) ₹ 42,00,000+ total training investment 13.50 hours average annual training hours per employee |
|||
Funding manufacturing segment customers to contribute in building sustainable industrialisation Technology-driven approach and digital processes |
3,700+ unique manufacturing customers funded ₹ 762+ million disbursed to manufacturing sector customers |
|||
Promoting financial independence of the women to reduce social inequalities |
35,600 unique customers & ₹ 6,864+ million disbursed 1,200+ widowed funded 21,300+ NTC borrowers funded & ₹ 3,091+ million disbursed 13,900+ women NTC borrowers and ₹ 2,062+ million disbursed |
|||
We contribute to making cities and human settlements inclusive and safe by providing financial assistance and promoting financial inclusion |
100 Tier 3 or below cities supported across 8 states ₹ 12,000+ million disbursed |
|||
Ensuring responsible consumption and production of our Agri-borrowers while optimising their assets |
39,000+ unique customers & ₹ 7,934 million disbursed Veterinary services to 36,000+ customers 53 livestock awareness camps organised |
|||
Reducing carbon footprint by planting fruitbearing trees Adhered to digitalised operations for credit activities |
12,000+ fruit-bearing trees planted 3,40,000+ cattle screened |
|||
Strategic partnerships in place to achieve/impact UN SDGs |
Partnered with MSDF for a three-year longitudinal impact study Multi-stakeholder partnership for impact initiatives |
Copyright ©2024 Moneyboxx. All rights reserved.
Designed & Developed by RDX Digital