Microfinance gross loan portfolio grows 10% to Rs 2,85,441 crore as of March 2022: MFIN

Microfinance gross loan portfolio grows 10% to Rs 2,85,441 crore as of March 2022: MFIN

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In the microfinance sector, Gross Loan Portfolio (GLP) increased by 10.04 percent to 2,85,441 crore in March 2022, as per an analysis by Microfinance Institutions Network (MFIN). The industry’s GLP was at 2,59,377 crore as of March 2021.

MFIN is an industry-based association consisting of 58 NBFC MFIs and 39 associates, which include banks Small Finance Banks (SFBs), and Non-Banking Financial Companies (NBFCs). On Wednesday, MFIN announced the Micrometer report from January to March 2022 i.e. the Q4 FY2021-22 quarter.

The report states that 12 banks have the biggest part of the portfolio of micro-credit with a total outstanding loan of 1,14,051 crore which represents 40 percent of the micro-credit universe.

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The NBFC-MFIs are the second biggest micro-credit lender, having an outstanding amount of $1,407 million, which is 35.2 percent of the portfolio of the industry.

The SFB has a combined loan of over Rs 48,314 crore and a total part of 16.9 percent. The NBFCs contribute an additional 6.9 percent, while other MFIs make up one percent as per the report.

The active loans of microfinance have increased by 4.4 percent in the last 12 months, reaching 11.3 crores on March 31st, 2022, the report was reported.

GLP of NBFC-MFIs was around Rs 96,561 crore in March 2022. That’s an increase of 19.4 percent year-on-year (YoY) increase when compared to the figure of several Rs 80,906 crore just one year prior.

The GLP comprises an unowned portfolio worth the amount of Rs 82,458 crore, and a managed portfolio worth Rs 14,104 crores, it said.

MFIs from NBFCs received Rs 47,931 crore in loan funding in FY21-22. This represents an 18.1 percent increase from the previous fiscal year.

The total equity of NBFC-MFIs increased by 15.2 percent YoY, t the figure of Rs 21,419 crore on March 31st, 2022, the report stated.

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