Crisil Grading of Microfinance Institutions – Mimo Microfinance

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Given below is a sample of a Crisil conducted grading of Mimo Microfinance.(Shah Sandhu Finance Company Pvt. Ltd.) as of July 2008

This detailed report below contains plenty of valuable information all readers are requested to make a note and go through it thoroughly

From the Crisil Website

To know more about the MICROS and CRAMEL framework

read the document below

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It includes a traditional creditworthiness analysis using the CRAMEL

approach,modified to be applicable to the microfinance sector.

The acronym MICROS stands for Management, Institutional

arrangement, Capital adequacy and asset quality, Resources and

asset-liability management, Operational effectiveness,

and Scalability and sustainability.

Profile of MIMO Microfinance

Mimo microfinance is a North India based microfinance promoted by the Bellwether Microfinance Fund

From their Website

Mimo Finance is the brand name under which

Mimoza Enterprises Finance Co. Pvt. Ltd. (NBFC), conducts its microfinance operations. Our value proposition is to provide sustainable access to microfinance, particularly to women, that allows individuals to generate income, create hobs, enable families to obtain health care, and empower them to make choices that best serve their needs.

Our operational area is urban and peri-urban areas along the major highways and towns in six districts of Uttarakhand, Western U.P. Haryana, and Himachal Pradesh.

As of August 31, 2008, we have 26,766 registered clients and have disbursed 28,525 loans in total. Currently, our outstanding loan portfolio is Rs. 95.43 million with a repayment rate of 99.63%. Mimo Finance has established relationships with Friends of Women’s World Banking (FWWB), HDFC Bank, Axis Bank, Deutsche Bank, ABN-AMRO, Maanaveeya Holdings, SIDBI, DCB, UMFLPCI, and Indian Bank.

By 2015, we plan to reach over one million clients. We invite you to explore our site and learn more about how we are empowering women and changing lives.

Source: indiamicrofinance.com

Category: Payday loans

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