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Muthoot microfin ltd.

4.0· 9 reviews
Average ratingGreat
4.0/ 5

Based on 9 reviews

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About Muthoot microfin ltd.

Muthoot Microfin – the microfinance arm of Muthoot Pappachan Group

Muthoot Microfin Ltd. is a leading microfinance institution in India that provides financial services to the underserved and unbanked population of the country. It is a subsidiary of Muthoot Pappachan Group, which has been serving the people of India for over 130 years.

Muthoot Microfin was established in 2015 with a mission to empower the financially excluded sections of society by providing them with access to credit, savings, insurance, and other financial services. The company operates through a network of branches across various states in India and has served over 2 million customers till date.

The company's focus on customer-centricity and innovation has helped it become one of the most trusted names in microfinance in India. Muthoot Microfin offers a range of products and services that cater to the diverse needs of its customers. These include group loans, individual loans, agriculture loans, MSME loans, housing loans, gold loans, savings accounts, insurance products etc.

One of the key strengths of Muthoot Microfin is its robust risk management framework that ensures responsible lending practices while maintaining high standards for credit quality. The company uses technology extensively to streamline its operations and enhance customer experience.

Muthoot Microfin's commitment towards social responsibility is reflected through its various initiatives aimed at promoting financial literacy among its customers as well as supporting community development programs such as education and healthcare.

In addition to being a leader in microfinance space in India, Muthoot Microfin has also received several accolades for its outstanding performance including "Best NBFC-MFI" award at BFSI Awards 2020-21.

Overall,Muthoot Microfin Ltd.'s unwavering commitment towards empowering financially excluded sections coupled with innovative solutions makes it an ideal partner for those seeking access to finance or looking for investment opportunities within this sector.