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Microcredit Initiative
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What is ͙͙
Microcredit
Very small loans
Microfinance
Broader range of financial services
Launch of IRDP
Production Agriculture
, 10% , 13%
Others, 6%
Livestock,
23%
BREAKUP OF ACTIVITIES
Services,
UNDERTAKEN BY BORROWERS
25%
Source: SKS Microfinance Ltd.
Trade, 33%
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ICICI Initiatives in Microcredit
Started with only 1 million customer base ʹ now 3.5 million
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ICICI Microcredit͙. A success story
Financial assistance to MFIs : Term loans, overdraft and portfolio buyout
Provides basic banking services like savings and withdrawal along with
micro-investment products like mutual funds to the rural populace
Case in study : ICICI Bank purchased a portfolio of 42500 loans worth USD
4.3 million from Share Microfin Limited in 2004
stored in warehouse
received two awards; RMA India Award and WOW Events and
300000
300000
200000
100000 30000
0
Current
Microcredits Total
by MFIs microcredit
demand
(India)