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WEDNESDAY, DECEMBER 14, 2011, DELHI WWW.LIVEMINT.COM

IN DETAIL 11
HEMANT MISHRA/MINT

MFIs: PAINTING A RECOVERY

Comparative performance of top five MFIs


2010 2011 2010 2011

SKS
Clients (million) Growth (%)

5.80 6.24
Loans (R crore)

8%

2,970 4,111 38%

Spandana
Clients (million) Growth (%)

3.66 4.18 14%

Loans from financial institutions for MFIs


Public sector banks Private sector banks Foreign banks RRB's Sidbi*

Top 10 MFIs by outreach


Rank Name Outreach (million) Loan outstanding (R crore) Own funds Borrowings

Loans (R crore)

2,160 3,458 60%

Loans disbursed during 2010-11


Total 732.84

(R crore)

Outstanding loans as on 31 March 2011 (R crore)


Total 1,261.88

1 2 3 4 5 6 7 8 9 10

SKS Spandana Bandhan SHARE Basix SKDRDP Asmita Equitas Grama Vidial Ujjivan Total

6.24 4.18 3.25 2.84 1.53 1.38 1.34 1.30 0.93 0.84 23.85

4,111 3,458 2,507 2,065 1,249 958 1,325 794 520 625 17,611

1,781 NA 377 301 210 25 215 304 90 116 3,419

2,236 1,195 1,848 2,098 1,231 871 1,194 592 347 472 10,889

504.8 409.5 284.62 362.29 1.55 0.01 84.38


*Small Industries Development Bank of India

Bandhan
Clients (million) Growth (%)

2.30 3.25
Loans (Rcrore)

42%

43.37 0.03 304.18

1,210 2,507

107%

The regional story: a skewed trend


North North-East East Central West South

Client outreach and loan values: how the MFIs fared


Size of portfolio Class No. of MFIs

SHARE
Clients (million) Growth (%)

2.36 2.84 20%

Share of clients (in%)


2009-10

Share of loans (in%)


2009-10 2010-11

More than R100 crore R50 to 100 crore R10 to 50 crore Less than R10 crore

Mega Large Medium Small


Total 82

2.1 1.9 21.3 9.5 14.2

2010-11

4.8 3.2 17.9 16.7 12.1

4.3 1.8 22.5 9.9 6.8

3.7 3.6 18.1 14.3 11.4

27

15

26

14

Loans (Rcrore)

1,720 2,065 20%

Client outreach by size of MFIs


4.83%
Large

Share of loan values, size-wise


4.58%
Large

BASIX
Clients (million) Growth (%)

1.11

51.1

45.3

54.8

48.9

1.53

37%

3.95%
Medium Small

90.73%
Mega

3.07%
Medium Small

92%
Mega

Loans (R billion)

790 1,249

0.50%

0.35%

58%

Web-based microfinance
Rang De is Indias first online microlending platform. The Web-based social initiative supports rural entrepreneurs with access to cost effective capital for business and education needs. Rang De raises social capital from individuals who can become social investors by lending as little as R100. Through this fundraising model, Rang De is able to reduce the cost of capital to the end user. Social investors get back their investments with a nominal financial return of 2% per annum. They have the ability to track the progress of their investments and interact with the borrowers who they have lent money to. Rang De has reached out to more than 10,127 borrowers across India with the help of 2,906 social investors. The organization has raised and disbursed more than R5 crore to borrowers and has a repayment rate of 98.56%. Rang De works with 25 field partners across Orissa, West Bengal, Manipur, Madhya Pradesh, Maharashtra, Karnataka, Tamil Nadu, Kerala, Jharkhand, Bihar and Gujarat.
Graphics by Sandeep Bhatnagar/Mint