ANNAPURNA MICROFINANCE
The name was changed to Annapurna Microfinance Pvt Ltd in February 2010. The NBFC acquired most of the loan portfolio of the People’s Forum in 2012-13. Annapurna operates predominantly in Odisha and extends loans for 12-to-24 month tenures to self-help groups with a monthly repayment structure. The company had an outstanding loan portfolio of Rs.112 crore and borrower base of more than 1 lakh as on September 30, 2013.
Performance on key parameters
Maintained substantial growth over the past 3 years; loan portfolio and borrower base grew at a CAGR of 144 and 142 percent respectively during the 3 years through March 2013 Asset quality is healthy; 30+ days past due (30+ dpd) remains below 0.5 percent in the past 3 years Has a relationship with five banks and four NBFCs for funding needs. Also regularly raises funds through securitization; securitization accounted for nearly 36 percent of outstanding borrowings as on March 31, 2013 Capitalization is adequate for current scale of operations; raised Rs.13 crore from Belgian investment firm Incofin Investment Management’s Rural Impulse Fund II in July 2012 to improve the net worth and support growth in 2012-13 Profitability improved in 2012-13 supported with a reduction in operating expense; however, the ability to maintain profitability will be critical
ANNAPURNA MICROFINANCE PORTFOLIO SIZE AND GROWTH
over the last 3-4 years
The above information has been taken from India’s Top Microfinance Institutions List
