siliconindia | | DECEMBER 20234In the past few years, a lot has changed in some way or the other. Significantly, the microfinance sector has also scaled its graph exponentially enabling income-generating activities and helping people to break out of poverty, by expanding its product portfolio to provide loans and (increasingly) savings, insurance and related products to groups with low-income, as well as micro, small and medium enterprises. This growth has helped the Microfinance institutions to secure 21 percent portfolio growth as of June-end 2023. Even the studies have estimated the microfinance industry to value $122.46 billion approximately by 2026, registering a CAGR of 11.61 percent during 2021-26 Though nothing much has changed in microfinance realm, technology advancements has been effectively driving the space. But, still the growth of MFIs is affected by factors such as, capacity in managing finances and loans and adhering to financial policies and guidelines, including competent personnel, appropriate training to key staff, loan follow up, corruption, and access of members to business training. Well, there are many key players thriving in the industry and propelling the microfinance companies positioning and growth today. While it may not be easy to look for the best one among a gamut of MFIs, siliconindia through its current edition, `10 Most Promising Microfinance Companies- 2023' strive to resolve this dilemma for you bringing to you some of the acknowledgeable companies in the industry. Do read to know more about them and let us know your feed-back!Mandvi SinghAssistant Managing Editoreditor@siliconindia.com Publisher & Managing EditorAssistant Managing EditorAssociate EditorAlok ChaturvediMandvi SinghIndranil ChakrabortyVol 10 · Issue 08 - 02 · DECEMBER, 2023Editorial TeamHima P. MP. Tejaswini Roshan AktharManager - DesignPrabhu Dutta A.R.N RayArt ManagerSuanya Chakraborty Designers Girisha MDebjani Maity AcharyaGM- Sales & MarketingShashi RanjanAdvertising ManagerBhavani N B advertise@siliconindia.comEditorial Querieseditor@siliconindia.comCirculation Manager Magendran PerumalTo subscribeVisit: https://www.siliconindia.com/subscribe/or send email to subscription@siliconindia.comMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Silicon Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2023 Silicon Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.siliconindiaEditorialYour Perfect Financial Partner
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