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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.
Category: Payday loans