INDIAN NEWS & TIMES

Friday, July 28, 2017

AsirvadvdtcdDOVOEEITCIMVETVT Microfinance Ltd., a subsidiary of Manappuram Finance Ltd., has received a grading of “MFI 1” from CARE Ratings.

CARE’s MFI grading is a one-time assessment of an MFI’s operational and financial capability to undertake and sustain the targeted level of operations. The grading is assigned on an 8-point scale with MFI 1 being the highest.

Asirvad Microfinance was evaluated on the basis of a four point framework, viz. transparency, operational setup, scale of operations and sustainability. The grading is specific to the organisation and not specific to any de
t instrument or borrowing programme.