SMILE Microfinance

S.M.I.L.E Microfinance Ltd (SMILE) was set up by Dr. N. Sethuraman in 2004 and is the first urban MFI to set up operations in Chennai in 2005. The company initially shared its member base with its parent institution, Mahasemam Trust. S.M.I.L.E Microfinance   Effective April 2011, the operating agreement between SMILE and Mahasemam Trust was … Continue reading “SMILE Microfinance”

Top Microfinance Companies in India 2014 – 2015 List

After a gap of more than five years, CRISIL – India’s leading agency for microfinance ratings has released it’s updated list of the top microfinance companies in India titled “India’s 25 Leading MFI’s“ for the years 2014 – 2015. The previous ranking of Microfinance Institutions was released in 2009 and was titled India’s Top 50 Microfinance Institutions. CRISIL has been … Continue reading “Top Microfinance Companies in India 2014 – 2015 List”

Tamil Nadu Based Smile Microfinance receives Rs 50 Cr investment from US Based Developing World Markets

S.M.I.L.E. Microfinance Limited has signed an agreement with United States of America investor DWM for INR 500 million equity.The First tranche INR 250 million has been received & is being disbursed to it clients. SMILE was started in 1999. Today, it is one of the leading Microfinance Company in South India.  As per information given on their … Continue reading “Tamil Nadu Based Smile Microfinance receives Rs 50 Cr investment from US Based Developing World Markets”