Asirvad Microfinance

Incorporated in August 2007, Asirvad Microfinance Pvt Ltd (Asirvad) commenced its microfinance operations in Chennai in January 2008. Since then the company has expanded its operations into other districts of Tamil Nadu. Asirvad offers loans to women borrowers organised into joint liability groups, following the Grameen Bank model. The company had a network of 74 branches and portfolio outstanding of Rs.132 crore as on September 30, 2013.

asirvad microfinance logo

Asirvad Microfinance

Key Performance Indicators

  • Loan portfolio increased to Rs.101 crore as on March 31, 2013 from Rs.79 crore a year ago, a year on year growth of 29 per cent.This follows a brief period of consolidation and decline in portfolio growth during 2011-12
  • 30+ dpd has improved substantially since April 2012 onwards and has remained below 0.1 per cent
  • Has relationships with 19 lenders as on March 31, 2013. Also raises funds through securitisation on a regular basis; securitisation accounted for nearly 25 per cent of outstanding borrowings as on March 31, 2013
  • Capitalisation is adequate for current scale of operations; needs to strengthen capitalisation through external infusions to grow at industry-average rate and maintain market share
  • Profitability remains modest despite improving in 2012-13 on account of reduction in operating expense ratio. However, the reduction in margin cap to 10 per cent in 2014-15 may constrain profitability

Asirvad Microfinance Portfolio Growth and Profitability

over the last 3 years

asirvad microfinance portfolio

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