Madura Microfinance
The company operates in the rural areas of Tamil Nadu and Puducherry; Madura had nearly 2 lakh borrowers and a loan portfolio of Rs.175 crore as on September 30, 2013.
Performance on key parameters
Loan portfolio grew to Rs.151 crore as on March 31, 2013, from Rs.106 crore as on March 31, 2012, a year-on-year growth of around 42 percent, after a brief period of consolidation. The company’s ability to maintain growth rate and market share over the medium term will be critical 30+ dpd has stabilized at less than 1 percent after increasing following the Andhra Pradesh crisis Has relationships with more than 15 lenders as on March 31, 2013; also raises funds through securitization on a regular basis Adequately capitalized for the current and planned scale of operations, with a net worth of Rs.61 crore and gearing of 1.9 times as on March 31, 2013 Profitability is above the industry average, with a return on managed assets of 3.5 percent during 2012-13. Profitability is supported by low operating expense
MADURA MICROFINANCE DATA
Capitalization, Profitability, Portfolio size and growth of Madura Microfinance over the last three years.
