Microfinance Institutions Network – MFIN Members List

Microfinance Institutions Network India

MFIN is the national organisation of Microfinance NBFC’s in India and consists of those microfinance companies which are regulated by the Reserve Bank of India. Initially 31 Non Banking Finance Companies involved in Microfinance came together to form MFIN.

Microfinance Institutions Network India

Microfinance Institutions Network (MFIN) is a self-regulatory organization of NBFC MFIs that aims to work with regulators to promote microfinance to achieve larger financial inclusion goals.

Logo of Mfin india
Logo of MFIN

MFIN is supported by Omidyar Network, a philanthropic investment firm, and the International Finance Corporation (IFC), a member of the World Bank Group. Omidyar Network is funding the project to support MFIN in its above efforts. IFC is providing advisory services and technical consultancy to Alpha in its effort to get the credit bureau services being made available to the MFI sector.

The Board of MFIN currently consists of Vijay Mahajan (Chairman, Basix) as Chairman, Chandrasekar Ghosh (CEO, Bandhan), Rekam Jayasurya (CEO, Asmitha), Shubhankar Sen Gupta (CEO, Arohan) , Ajay Verma (MD & CEO , Sahayata Microfinance), H P Singh (CMD, Satin Creditcare Network), Samit Ghosh (CEO, Ujjivan) and P.N.Vasudevan (MD, Equitas Microfinance) as Directors.

Alpha Micro Finance Consultants P Ltd

MFIN members have invested in Alpha Micro Finance Consultants P Ltd (Alpha), which in turn has invested Rs. 2 Crore in setting up a credit bureau which will help improve credit risk management within the sector and ensure multiple borrowing and over indebtedness is checked

Latest List of MFIN Members

1. Anjali Micro Finance
2. Arohan Financial Services Ltd
3. Asirvad Microfinance Ltd.
4. Asmitha Microfin Ltd.
5. Bandhan Financial Services Pvt Ltd
6. Bhartiya Samruddhi Finance Ltd
7. BWDA Finance Ltd
8. CDC Microfinance Pvt. Ltd
9. Credible Micro Finance P Ltd
10. Equitas Micro Finance India Private Ltd
11. ESAF Microfinance and Investments P Ltd
12. Fullerton India
13. Grama Vidiyal
14. Grameen Financial Services P Ltd
15. Growing Opportunity
16. Hand in Hand
17. Janalakshmi Financial Services Pvt Ltd
18. L&T Finance
19. Madura Micro Finance Ltd.,
20. Mimoza Enterprise Finance Pvt Ltd
21. S.M.I.L.E. Microfinance Ltd / Mahasemam
22. Sahayata Microfinance P Ltd
23. Samasta
24. Satin Creditcare Network Ltd
25. Share Microfin Ltd
26. SKS Microfinance Ltd
27. Sonata Finance Pvt Ltd
28. Spandana Sphoorty Financial Ltd
29. Suryoday
30. SWAWS Credit Coporation India (P) Ltd
31. Trident MicroFin P Ltd
32. Ujjivan Financial Services Pvt Ltd
33. Utkarsh Microfin
34. Village Financial Services Pvt Ltd

Author: Abhay N

Abhay is the founder and managing editor of India Microfinance. He is passionate about microfinance, financial inclusion and social entrepreneurship in India.

4 thoughts on “Microfinance Institutions Network – MFIN Members List”

  1. Octopus Microfinance is one of the best management solutions currently available for microfinance institutions. It’s a simple and efficient software made to help you organize and manage easily your microfinance operations (accounting & banking). Octopus covers the entire scope of microfinance operations: client management, loan & savings contracts, accounting…

    It is specifically adapted to microfinance banks, savings & credit unions, village banks, local and communiti banks, NGOs and microcredit projects.

    The latest World Bank/CGAP rating recognized Octopus as “one of the most user-friendly solution with highly ergonomic windows display (intuitive use, universal search box, dashboard with essential data, alerts)”. Octopus offers an interface based on classical Windows visual that makes it easy to use. It has been co-developed with microfinance experts and software engineers to combine microfinance best practices with IT industry standards for your MFI.

    * Loan and Savings Management
    * Accounts & Financial Reporting
    * Customizable Reports
    * Bio-metric finger print analysis system
    * Handheld Device Sync
    * Single and Multi-Branch implementation
    * Integration with other accounting packages

  2. Subject-loan apply
    Sir,with best regards I want to say I am director ofaddress-krishnagar,nadia dist,pin code no is-7441103.i have an a/c in your bank my a/c no
    I also want get a loan from your bank.

    So,if you kindly grant my application then I shall be highly oblized to you.
    Thanking you
    Your;s faith fully
    Sabekadar sheikh.my email id-sabakadarshaikh@yahoo.in my mobile no is-9051214423.

Comments are closed.