Report: Microfinance Institution Gross Loan Portfolio Grows 84% In Q4 in India
Friday, May 20, 2016
New Delhi: Microfinance institutions saw their aggregate gross loan portfolio grow 85 per cent year-on-year to Rs 53,233 crore in the fourth quarter of 2015-16, an industry study said on Wednesday.
“South India leads the way with 35 per cent share in GLP followed by North and West which stand at 25 per cent and East contributing 15 per cent,” the Microfinance Institutions Network (MFIN) said in its report.
The industry witnessed the year-on-year increase of 44 per cent in client base with MFIs providing micro-credit to 3.25 crore clients.