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Microfinance borrowers’ resilience behind MFI industry’s turnaround post-COVID: Muthoot Microfin CEO

The post-COVID world has changed the entire paradigm on how businesses have performed--Microfinance being one segment among several entities that has seen a lot of changes since the pandemic hit in 2020. While the pandemic pushed several people out of job and employment, Microfinance Industry saw its penetration only go [...]

Over 5 lakh Muthoot Microfin customers using app to make loan repayments, group building superapp: Sadaf Sayeed

The Muthoot Pappachan Group is building a superapp, which will provide group services, said Sadaf Sayeed, chief executive officer of Muthoot Microfin, a microfinance entity part of the Muthoot Pappachan Group."The superapp will provide all the services that are there within the group.. So the superapp will give customers the [...]

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 [...]

Muthoot Microfin to offer healthcare in rural India via e-clinics

Muthoot Microfin has collaborated with M-SWASTH to set up e-clinics at its branches to offer accessible and affordable healthcare facilities in rural India. The MFI has already launched 12 e-clinics across Kerala, Bihar, Jharkhand and Uttar Pradesh in the first phase. According to the WHO, all individuals and communities should [...]

Muthoot Microfin Ltd: Micro-Financing Indian Dream for a Better Future

At the beginning of the twentieth century, Mahatma Gandhi said, ‘the soul of India lives in its villages.’ Though the percentage of rural India came down from 89% to today’s 69%, it is safe to say that the real India still lives in its villages and semiurban population. And after [...]