MUTHOOT MICROFIN LIMITED

About the issuer

Muthoot Microfin Limited, established in 1992, is a non-deposit taking non-banking financial company based in Kochi, India. As the microfinance arm of the Muthoot Pappachan Group, it focuses on providing micro-loans to women entrepreneurs in rural regions, aiming to promote financial inclusion and socio-economic development. The company offers various loan products, including income-generating loans, education loans, and secured loans, and provides value-added services such as wellness combos and property insurance. Muthoot Microfin operates through a joint liability group model, catering exclusively to women in lower-income households. As of March 31, 2023, it has a borrower base of 2.7 million women entrepreneurs across 18 states in India.