Muthoot Microfin Ltd. (MUTHOOTMF)

Overview

Muthoot Microfin Limited operates as a non-deposit taking non-banking financial company, focusing primarily on empowering women entrepreneurs in the rural areas of India. Established initially as Panchratna Securities Limited in 1992, the company underwent a name change to Muthoot Microfin Limited in October 2012. With its headquarters located in Kochi, India, Muthoot Microfin Limited has carved a niche for itself by offering a broad spectrum of financial products and services tailored to meet the varied needs of its clients. It serves as a subsidiary of Muthoot Fincorp Limited, leveraging its legacy and expertise to reach out to underbanked sections of society with ethical and responsible financing solutions.

Products and Services

• Income Generating Loans: These loans are designed to support women entrepreneurs in starting or expanding their businesses, thereby facilitating income generation and economic empowerment.
• Pragathi Loans: Specifically tailored for clients who have successfully repaid their first loan, Pragathi loans offer larger amounts to support the continuation and growth of their businesses.
• Individual Loans: Catering to individual requirements, these loans provide financial assistance for various personal and business needs, enabling borrowers to pursue larger projects or personal goals.
• Mobile Phones, Solar Lighting Product, and Household Appliances Product Loans: With an aim to improve the quality of life for its clients, Muthoot Microfin offers loans for the purchase of mobile phones, solar lighting products, and household appliances, ensuring access to modern amenities and sustainable solutions.
• Sanitation Improvement Loans: Supporting the construction or improvement of sanitation facilities, these loans aim to enhance health and hygiene standards in rural communities.
• Gold Loans: Providing quick access to credit by using gold as collateral, gold loans offer a secure and efficient way for clients to meet immediate financial needs.
• Muthoot Small & Growing Business Loans: Aimed at small and fledgling businesses, these loans are designed to provide the capital needed for expansion, inventory, or working capital requirements, fostering growth and sustainability in the business sector.

Additionally, Muthoot Microfin Limited extends its support beyond mere financing, by offering value-added services such as wellness combo and property insurance, geared towards enhancing the wellbeing and financial security of its clients.