Sec 8 Micro Finance

No,
As per the provisions of companies Act, 2013.
Section 8 company is not eligible to carry out the activities of NBFC or any other financial activities.
Such activities are-
Investment, Hire purchase, leasing, loan, insurance related or combination of all activities.

Though it is for micro finance activities, objectives of section 8 company is matters to incorporate. You must convene the Registrar that company is not for profit making purpose.

Since the objective of Sec 8 company is to serve the public, hence commercial activities are not allowed in Section 8 company.