Micro Finance

Hela November 5, 2019

According to the Bharat Microfinance Report, microfinance “through MFIs” is servicing 43 million accounts. About 85% of the accounts serviced with 83% gross loan portfolio are being serviced through NBFC MFIs. NBFCs and NBFC MFIs are directly regulated by RBI for microfinance operations where the quantum of overall lending to the borrower, the number of […]

Hela September 9, 2019

The microfinance industry witnessed a 42.9 per cent growth in first quarter of 2019-20 over the corresponding period last year, with the total loan portfolio at Rs 1,90,684 crore as on June 30, 2019, Microfinance Institutions Network (MFIN) said in a report. The total number of microfinance loan accounts stood at 9.27 crore in April-June quarter of […]

Hela August 19, 2019

An Andhra Pradesh-based microfinance institution (MFI) recently decided to thoroughly screen all its sales-force after complaints of misselling from rural customers. It now checks their previous employment records as well. The MFI industry, that has around 80,000-85,000 employees, was one of the sectors that did not consider background verification of employees an important factor in […]

Hela August 13, 2019

Chan Veang holds one of her microfinance loan agreements, which she says she cannot read. (Photo by Shaun Turton, edited by Nikkei) SIEM REAP — Cambodia’s $8 billion microfinance industry, touted by Western aid groups and foreign investors as bringing financial opportunities to the country’s poor, is ensnaring families in crushing debt and could threaten […]

Hela July 26, 2019

The eastern region, led by West Bengal, appears to be driving the growth of microfinance in India. Small loans expanded 7-19 per cent faster than the broader industry average in West Bengal, Bihar, Odisha, and Assam between FY16 and FY19, SIDBI-Equifax data showed. These four states account for about 40 per cent of the total MFI loan book. The portfolio stood […]

Hela July 8, 2019

Hit by its exposure to IL&FS, the bank plans to tread ‘cautiously’ Bandhan Bank plans to stay away from big-ticket corporate loans and focus on its core business of micro-lending in the short term. According to CS Ghosh, Managing Director and CEO, financial inclusion and reaching out to the under-banked will remain the key focus […]

Hela July 2, 2019

Chandigarh The arrest of Sheetal Sharma in a road rage incident recently has brought to fore small businesses running in the city through micro-financing. Sheetal was also in micro-financing and she probably kept the rod in her car because of her profession. The same rod was used to hit the motorist in the road rage […]

Hela June 8, 2019

NEW DELHI: The microfinance industry’s gross loan portfolio (GLP) stood at ₹1,87,386 crore at the end of March, up 38 per cent year-on-year, said a MFIN report Monday. The total number of microfinance accounts was 9.33 crore at the end of March 2019, showing a growth of 21.9 per cent, said Microfinance Institutions Network (MFIN), an RBI-recognised […]

Hela May 15, 2019

Consumer protection in microfinance is not just about fair treatment and safeguarding of clients’ individual rights, but also about proper governance of microfinance institutions. Microfinance was once applauded as the world’s most powerful tool for eliminating poverty. But it is now on a slippery slope, moving from good to bad. Microfinance is facing trouble because […]