Satantra Microfin, one of India's fastest growing MFIs, with total 802 branches, serves rural women customers. Ananya Birla, Founder, Chairperson & Director, Svatantra Microfinance, is one of the youngest founders within MFI industry in India to have successfully implemented and profited from the business in just 5 years. She talks about growth in its network, customers and products & services:
Mehul Dani: Briefly describe Svatantra's network and business growth in the current FY?
Ananya Birla: We have a presence in 19 states, 90,000 villages and 340 districts in India. We have opened 110 branches during this financial year, which has increased our reach. Gross portfolio/AUM has increased by 55% to ₹70 billion as of the Dec 2022. We have recorded increase in average loan ticket size on account of higher cycle loans.
What is the customer base? What is the CAGR in customers of last 3 financial years?
This story is from the March 2023 edition of Banking Frontiers.
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This story is from the March 2023 edition of Banking Frontiers.
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