Page 2 - Microfinance Firms

Microfinance loan securitisation grows over two-fold YoY in Q1FY23

Better recoveries, adequate credit enhancements spark investor confidence

MFIs' gross loan portfolio rises to Rs 2.9 trillion at March-end: Report

The same stood at Rs 2.6 lakh crore in the year-ago period

Spandana agrees to resolve disputes with ex-MD Padmaja Gangireddy amicably

The board of directors of the company and its subsidiaries -- Criss Financial Limited and Caspian Financial Services Limited -- on Tuesday approved the settlement agreement, the company said

CreditAccess Grameen Q4 net profit jumps over two-fold at Rs 160 crore

Its profit after tax stood at Rs 56.3 crore in the same quarter of the preceding fiscal year

Sa-Dhan introduces credit assessment framework for microfinance borrowers

Sa-Dhan, a self-regulatory organisation for the microfinance sector, Thursday said it has introduced the credit assessment framework (CAF) for microfinance borrowers. Over the past one-and-a-half years, Sa-Dhan has worked to introduce a conducive and effective framework that will enable income assessment and risk profiling of borrowers, according to a statement. The CAF has been developed based on national and international models of poverty assessment like PPI (Progress out of Poverty Index) and Poverty Assessment framework of National Rural Livelihoods Mission, Government of India. The framework will help to supplement and improve the existing income assessment model of MFIs with verifiable wellbeing indicators, utilise and integrate existing data points of clients available with MFIs and provide a credit worthiness score (CWS), risk profiling for each client. It will also promote risk-based loan pricing and loan sizing and prevent over-indebtedness of vulnerable and low-income .

Microfinance business may attract closer scrutiny on the way it is done

The outstanding microfinance portfolio at Rs 236.1K crore as of June 2021 marks a seven per cent quarter-on-quarter de-growth and less than a per cent in year-on-year growth.

India's microfinance sector hit as defaults surge in Covid pandemic

Loan collection efficiency across the total loan pool has fallen to about 70% from a peak of nearly 95% in March, analysts say, indicating a potential build up in stress.

Microfinancing lessons from a mandi that govt-run Mudra seems to have lost

MFI agents hand out 15-day loans in cash with a lecture on vaccines to the women, who would otherwise approach money lenders to buy vegetables in bulk and sell at the market next to the Ganga

Microfinance player urges govt to curb rumours about loan waivers

The microfinance sector has faced some new problems amidst the continuing outbreak of coronavirus and the recent lockdown caused due to it, Satya Micro Capital said in a statement

NPAs rise in tandem as MFIs gross loan portfolios grow by 29% in FY20

More than 92 per cent of MFI loan disbursement in FY20 were in cashless mode, as compared to 85 per cent in FY19

MFIN may pool securities to access funds for small MFIs under TLTRO 2.0

Credit enhancement would entail guarantee from bigger institutions in case of defaults up to a certain percentage

MFIs staring at cash shortfall of Rs 2,600 crore in Q1FY21, says ICRA

ICRA has analysed a sample of 29 MFIs, which constitute around 70% of the MFI industry on a portfolio basis

Why microfinance crisis is still not over even 10 years after the clampdown

Andhra Pradesh's Ordinance to regulate MFIs has been a double-edged sword for the poor, with some digging deeper into debt, writes Namrata Acharya

Will Sachin Bansal's long term bet in financial services pay off?

This September, the ace entrepreneur found the answer to that when he picked 94 per cent stake in microfinance company Chaitanya Rural Intermediation Development Services

Microfinance sector grows at 42.9% in Q1 FY20 as asset quality deteriorates

The data was released by the Microfinance Institutions Network (MFIN), the representative body of microfinance institutions

From Sachin Bansal to Ratan Tata, MFIs pique investor interest

Reach, cost and distribution are three key factors driving corporate entities into the microfinance sector

MFIs lose lending space to banks

The share of NBFC-MFIs came down to 31% at the end June, according to the Microfinance Institution Network