Muthoot Microfin Limited: Promoting Women Entrepreneurship and inclusive Growth
Muthoot Microfin is one of the organizations which showed extraordinary resilience throughout the Covid-19 pandemic. However, the pandemic did create an inevitable halt on its operations and lending activities, which is to offer simple financial products to the Bottom of Pyramid sections of the society.
Mr Sadaf Sayeed, CEO of the NBFC-MFI believes that microfinance industry plays a key role in the development and growth of rural economy. In the current environment, microfinance can help rural sectors recover faster and Muthoot Microfin is uniquely positioned with its widespread branch network to enable this. He is confident that rural economy is very resilient, and this recovery can be achieved rather rapidly. He is hopeful of a V-shaped recovery provided administrations could vaccinate maximum number of people as quickly as possible. For the 2021-22 financial year, he anticipates substantial growth in opportunity and business for the industry.