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.
As per information given on their website. SMILE has as 88 Branches across thirteen Districts in the State of Tamil Nadu, India. As of March 31, 2009, it has disbursed loans to the tune of INR 4048 million among poor women members for more than 200 plus income generating and allied activities with a Recovery Rate of 99.89%