How many mfis are there

Single Account. View for free. Show source. Show detailed source information? Register for free Already a member? Log in. More information. Other statistics on the topic. Financial Services Digital lending value in India Profit from additional features with an Employee Account. Please create an employee account to be able to mark statistics as favorites.

Then you can access your favorite statistics via the star in the header. Profit from additional features by authenticating your Admin account. Then you will be able to mark statistics as favourites and use personal statistics alerts. Save statistic in. XLS format. PNG format. PDF format. Show details about this statistic. Exclusive Premium functionality. In ten years, microfinance institutions MFIs have lent hundreds of billions of dollars, with an average annual growth rate of In , Of these Over the past decade, MFIs have also improved their efficiency.

Nevertheless, there was a slight deterioration in the quality of the portfolio over the entire period, with the portfolio at risk PAR over 30 days having risen from 6. Focus on the regions. South Asia continues to dominate global microfinance: it is the region with the largest amount of borrowers The tiny size of these institutions makes them vulnerable to even a small adverse development as their finances remain fragile.

Four summers back, the plain-speaking Reserve Bank of India deputy governor KC Chakrabarty declared in a Kolkata conference that micro lenders may become irrelevant if banks turn efficient. Two decades after India-born American citizen Vikram Akula founded SKS Microfinance, which was rechristened as Bharat Financial, the industry that delivered livelihood to millions of poor is facing its pincer moment with private banks giving a big push to micro lending.

The business model -- propounded by Nobel laureate Mohammad Yunus and successfully implemented in India by Akula and Chandra Shekhar Ghosh -- still remains profitable, but the vagaries of regulations and populist politics like farm loan waivers keep them on the edge. Under the lens NFRA member under lens for audit gaps in fraud-hit firm; cloud over selection process for regulatory posts. Subscribe to ETPrime. Browse Companies:. Find this comment offensive? This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others.

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