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MFIs prepared to deal with disruptions due to rising Covid cases: MFIN CEO

The microfinance sector is unlikely to face major challenges from the second wave of COVID-19 and is well prepared to face any disruption, Microfinance Institutions Network (MFIN) CEO Alok Misra said. Over the past year, microfinance institutions (MFIs) have streamlined their processes, trained field staff on COVID-appropriate behaviour and in dealing with lockdowns, and focussed on digitisation, and these steps will help them in managing any kind of situation, he added. In the last one year, training, involvement of senior-level people at the ground level and digital content have ensured that the (MFI) sector is far better prepared (now) than when it (COVID-19) hit us last year, Misra noted.

Alok misraMicrofinance institutions networkIcra ratingsCovid 19Fin ceoAlok misraMicrofinance industryஅலோக் மிஸ்ராநுண்நிதி நிறுவனங்கள் வலைப்பின்னல்ஈக்ரா ரேடிஂக்ஸ்

As Covid cases surges, microfinance industrywary of the impact on its collection efficiency

As Covid cases surge, microfinance industry wary of the impact on its collection efficiency April 08, 2021 × Disbursements to new customers may also be impacted if field operations are affected due to increase in restrictions in certain regions The microfinance industry, which has been inching towards pre-Covid levels – both in terms of disbursements as well as quality of portfolio – now seems a little wary of the impact of the sudden surge in Covid-19 cases on its collection efficiency. Any impact on collections may also hurt growth in disbursements, as fresh loans to existing customers will only be sanctioned as and when they foreclose the previous loan.

Tamil naduAlok misraShobha roySachin sachdevaManoj kumar nambiarSatin creditcare network ltdMicrofinance institutions networkAarohan financial servicesSector headFinancial sector ratingsExecutive directorSatin creditcare networkManaging directorதமிழ் நாடுஅலோக் மிஸ்ராஷோபா ராய்

Microfinance loan portfolio stands at Rs 2,32,648 cr as of Dec-end: Report

Microfinance loan portfolio stands at Rs 2,32,648 cr as of Dec-end: Report SECTIONS Last Updated: Mar 08, 2021, 03:55 PM IST Share Synopsis The association said 14 banks hold the largest share of the portfolio in micro-credit with a total loan outstanding of Rs 97,956 crore followed by non-banking financial companies-microfinance institutions (NBFC-MFIs), with a loan outstanding of Rs 72,128 crore. Agencies Total equity of the NBFC-MFIs grew by 16.6 per cent to Rs 18,077 crore as on December 31, 2020, as compared to Rs 15,508 crore in the year-ago period, the association said. The microfinance industry s gross loan portfolio (GLP) grew 10.1 per cent to Rs 2,32,648 crore as on December 31, 2020, according to the data collated by industry body Microfinance Institutions Network (MFIN).

Tamil naduAlok misraMicrofinance institutions networkDirector alok misraMicro financeSmall finance banksதமிழ் நாடுஅலோக் மிஸ்ராநுண்நிதி நிறுவனங்கள் வலைப்பின்னல்இயக்குனர் அலோக் மிஸ்ராமைக்ரோ நிதிசிறிய நிதி வங்கிகள்

Microfinance loan disbursements expected to reach normal levels by Q4-end

March 08, 2021 × The microfinance industry is slowly inching towards pre Covid levels, both in terms of disbursements as well as the quality of portfolio. Disbursements in Q3 FY21 was around 96 per cent of the same period last year. In the 36th issue of the Micrometer, MFIN (Microfinance Institutions Network) said that disbursements are expected to reach normal levels by the end of Q4 FY21 on the back of increased demand for loans. The gross loan portfolio (GLP) of the microfinance industry stood at ₹2,32,648 as on December 31, 2020, an increase of around 10 per cent against ₹2,11,302 crores as on December 31, 2019. Sequentially, loan disbursals during the October to December 2020 quarter jumped by over 90 per cent to ₹59,507 crore compared to ₹31,261 crore during Q2 FY21. The number of loans disbursed also doubled to 1.79 crore (0.88 crore), signifying steady progress towards normalcy.

Alok misraMicrofinance institutions networkஅலோக் மிஸ்ராநுண்நிதி நிறுவனங்கள் வலைப்பின்னல்

West Bengal regains spot as the largest state in terms of microfinance loan outstanding

West Bengal regains spot as the largest state in terms of microfinance loan outstanding
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Tamil naduBandhan bankMicrofinance institutions networkWest bengalதமிழ் நாடுபந்தன் வங்கிநுண்நிதி நிறுவனங்கள் வலைப்பின்னல்மேற்கு பெங்கல்