Tag Archives: MFIN

Q3 Figures Turn Microfinance Industry Red But Optimistic

With a drop of 26% in loans and a 16% decline in loan amount disbursed, the third quarter ending December 2016 would be the worst in performance for the microfinance industry in its history, said the industry self-regulator Microfinance Institutions Network (MFIN). "The pulling out of the High-Value Currency Notes (HCVNs) from circulation significantly impacted the microfinance sector, which is ...

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Why Microfinance Sector is Galloping in Numbers and Reach?

The news story in Mint  suggested alarm bells over the rapid growth of microfinance industry in the last three years, not taking into consideration the vital impact of technology on widening the client base and serving them instantly. The rapid IT modernisation has yielded in higher operational efficiency and doubling the number of customers served by each field officer, compared ...

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Micro-finance loans up 33% in October-December Quarter 2014: MFIN

Micro-finance firms’ association MicroFinance Institutions Network (MFIN) Saturday said there has been an increase of 23 percent in micro-credit borrowers. The loans from these companies rose by 33 percent during the October-December period last year compared to the corresponding period in 2013-14, the MFIN added. During this time frame, micro-finance institutions (MFIs) provided micro-credit to over 28.7 million clients nationally ...

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