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Microfinance India Summit 2011 - MFIs: Painting A Recovery
Microfinance India Summit 2011 - MFIs: Painting A Recovery
Microfinance India Summit 2011 - MFIs: Painting A Recovery
IN DETAIL 11
HEMANT MISHRA/MINT
SKS
Clients (million) Growth (%)
5.80 6.24
Loans (R crore)
8%
Spandana
Clients (million) Growth (%)
Loans (R crore)
(R crore)
1 2 3 4 5 6 7 8 9 10
SKS Spandana Bandhan SHARE Basix SKDRDP Asmita Equitas Grama Vidial Ujjivan Total
6.24 4.18 3.25 2.84 1.53 1.38 1.34 1.30 0.93 0.84 23.85
4,111 3,458 2,507 2,065 1,249 958 1,325 794 520 625 17,611
2,236 1,195 1,848 2,098 1,231 871 1,194 592 347 472 10,889
Bandhan
Clients (million) Growth (%)
2.30 3.25
Loans (Rcrore)
42%
1,210 2,507
107%
SHARE
Clients (million) Growth (%)
More than R100 crore R50 to 100 crore R10 to 50 crore Less than R10 crore
2010-11
27
15
26
14
Loans (Rcrore)
BASIX
Clients (million) Growth (%)
1.11
51.1
45.3
54.8
48.9
1.53
37%
3.95%
Medium Small
90.73%
Mega
3.07%
Medium Small
92%
Mega
Loans (R billion)
790 1,249
0.50%
0.35%
58%
Web-based microfinance
Rang De is Indias first online microlending platform. The Web-based social initiative supports rural entrepreneurs with access to cost effective capital for business and education needs. Rang De raises social capital from individuals who can become social investors by lending as little as R100. Through this fundraising model, Rang De is able to reduce the cost of capital to the end user. Social investors get back their investments with a nominal financial return of 2% per annum. They have the ability to track the progress of their investments and interact with the borrowers who they have lent money to. Rang De has reached out to more than 10,127 borrowers across India with the help of 2,906 social investors. The organization has raised and disbursed more than R5 crore to borrowers and has a repayment rate of 98.56%. Rang De works with 25 field partners across Orissa, West Bengal, Manipur, Madhya Pradesh, Maharashtra, Karnataka, Tamil Nadu, Kerala, Jharkhand, Bihar and Gujarat.
Graphics by Sandeep Bhatnagar/Mint