NEWS & ADVICE : PERSONAL LOAN
Micro-finance institutions reported 22% rise in loan disbursals in Q3
By Vaibhav Aggarwal
Feb 20, 2013
Print    Email    RSS   

Micro-Finance institutions (MFIs) posted growth in loan demand in the third quarter of the current financial year. The loan disbursement aggregated Rs 6194 crore which is up by 22 per cent, against Rs 5089 crore in the preceding quarter (July- September).

According to a report by Microfinance Institutions Network (MFIN), MFIs outside Andhra Pradesh accounted 70% of the total loan disbursements in the third quarter.

The report of MFIN is based on data collection from 41 MFIs, which represents around 85 per cent of the microfinance sector in the country, excluding the self-help groups.

Non-Andhra Pradesh MFIs reported 31 per cent increase in loans at Rs 4345 crore against Rs 3310 crore in the preceding quarter. Tamil Nadu topped in loan disbursals at 28 per cent.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Man caught for committing bank fraud
12 point conduct checklist for bank and...
Carnival of Indian Personal Finance Blogs #2
Is the Base Rate system really transparent?
Loan upper limit increased for women


my personal loan was accepted by hdfc bank my...
i want to know my personal loan account number
What is the outstanding Amount for my personal loan
ho many month balance in My Personal loan
i need my personal loan track statement

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive