Bringing capital to underserved rural areas
Madura Micro Finance Ltd. (MMFL) is a non-banking finance company (NBFC) dedicated to bringing financial products to the underserved rural population.
Working in association with large commercial banks, MMFL brings credit facilities to the rural poor through a wide network of branch offices in rural Tamil Nadu appropriately equipped for cash management. Today MMFL’s primary product is a group loan (microcredit) to women’s self help groups (SHGs) for the purpose of small business support. The formation and training of these groups are managed through its partner organization, Microcredit Foundation of India.
MMFL also delivers basic insurance products to its borrowers.
Working in association with large commercial banks, MMFL brings credit facilities to the rural poor through a wide network of branch offices in rural Tamil Nadu appropriately equipped for cash management. Today MMFL’s primary product is a group loan (microcredit) to women’s self help groups (SHGs) for the purpose of small business support. The formation and training of these groups are managed through its partner organization, Microcredit Foundation of India.
MMFL also delivers basic insurance products to its borrowers.
Disbursals in 2006-07 : Rs. 140 crores (US$ 35 Million) Branches : 182 (as of June 2007)
ACTIVITY TERM LOAN
SHORT TERM LOAN
TERM LOAN
MUTUAL FUNDS
Microcredit Foundation of India (MFI)
Positioning rural communities for sustainable economic prosperity
www.microcreditindia.org
Positioning rural communities for sustainable economic prosperity
www.microcreditindia.org
©2008 Madura Micro
Finance Ltd
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