Muthoot Microfin reaches 2 million active customers

Muthoot Microfin Ltd., the microfinance arm of the Muthoot Pappachan Group, on Wednesday said its active customer base has touched 2 million.The microfinance institution also said it clocked an asset under management of ₹6,000 crore in the fourth quarter of FY22. Muthoot Microfin aims at ₹10,000 crore AUM over the next two-three years, it said.

Thomas Muthoot, managing director of Muthoot Microfin said that it really is an extraordinary achievement to be proud of and reinforces its commitment to positively impact the lives of millions of underserved people by improving their financial well-being.