MICROFINANCE INSTITUTIONS NETWORK INDIA
Microfinance Institutions Network (MFIN) is a self-regulatory organization of NBFC MFIs that aims to work with regulators to promote microfinance to achieve larger financial inclusion goals. MFIN is supported by Omidyar Network, a philanthropic investment firm, and the International Finance Corporation (IFC), a member of the World Bank Group. Omidyar Network is funding the project to support MFIN in its above efforts. IFC is providing advisory services and technical consultancy to Alpha in its effort to get the credit bureau services being made available to the MFI sector. The Board of MFIN currently consists of Vijay Mahajan (Chairman, Basix) as Chairman, Chandrasekar Ghosh (CEO, Bandhan), Rekam Jayasurya (CEO, Asmitha), Shubhankar Sen Gupta (CEO, Arohan) , Ajay Verma (MD & CEO , Sahayata Microfinance), H P Singh (CMD, Satin Creditcare Network), Samit Ghosh (CEO, Ujjivan) and P.N.Vasudevan (MD, Equitas Microfinance) as Directors.
ALPHA MICRO FINANCE CONSULTANTS P LTD
MFIN members have invested in Alpha Micro Finance Consultants P Ltd (Alpha), which in turn has invested Rs. 2 Crore in setting up a credit bureau which will help improve credit risk management within the sector and ensure multiple borrowing and over indebtedness is checked
LATEST LIST OF MFIN MEMBERS
- Anjali Micro Finance 2. Arohan Financial Services Ltd 3. Asirvad Microfinance Ltd. 4. Asmitha Microfin Ltd. 5. Bandhan Financial Services Pvt Ltd 6. Bhartiya Samruddhi Finance Ltd 7. BWDA Finance Ltd 8. CDC Microfinance Pvt. Ltd 9. Credible Micro Finance P Ltd 10. Equitas Micro Finance India Private Ltd 11. ESAF Microfinance and Investments P Ltd 12. Fullerton India 13. Grama Vidiyal 14. Grameen Financial Services P Ltd 15. Growing Opportunity 16. Hand in Hand 17. Janalakshmi Financial Services Pvt Ltd 18. L&T Finance 19. Madura Micro Finance Ltd., 20. Mimoza Enterprise Finance Pvt Ltd 21. S.M.I.L.E. Microfinance Ltd / Mahasemam 22. Sahayata Microfinance P Ltd 23. Samasta 24. Satin Creditcare Network Ltd 25. Share Microfin Ltd 26. SKS Microfinance Ltd 27. Sonata Finance Pvt Ltd 28. Spandana Sphoorty Financial Ltd 29. Suryoday 30. SWAWS Credit Coporation India (P) Ltd 31. Trident MicroFin P Ltd 32. Ujjivan Financial Services Pvt Ltd 33. Utkarsh Microfin 34. Village Financial Services Pvt Ltd
