The Economic Times has recognised Dvara KGFS by conferring the ‘Champions of Rural markets’ Award on Dvara KGFS during their Rural Strategy Summit on 13th December 2019. Through this Summit initiative, The Economic Times aims to highlight the success stories of brands who have explored various opportunities in rural markets and are flourishing by overcoming hurdles despite several challenges in tapping rural markets.
‘KGFS – An innovative financial delivery model’ has been nominated by IFS School of Finance, UK under Finalists for the “Financial World Innovation Awards 2012”
“It was founded to sidestep the weakness in microfinance model and is based on a simple principle: Financial services should be provided in much the same way as a physician prescribes medicines. Understand what customers need, and prescribe the products that would help them” – Forbes India
“KGFS Wealth Management model aims for complete financial inclusion, has implications for other markets” – CGAP Report on KGFS
“The full commercial roll-out of the experiment is still to happen. But if it does, this will be fairly inspirational to many others in the financial service space who are trying to move the agent up the value chain to provide real service” – Monika Halan, advisor to the Indian Pension Fund Regulatory and Development Authority, Livemint.
“While MFIs offer only loans, KGFS offers a bouquet of financial services. While MFIs focus on lower income groups, KGFS is meant to cater to the entire village” – The Economic Times