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Asirvad Microfinance securitises MF portfolio

Wednesday, January 09, 2019
The Hindu Businessline

Currently, it serves to 1.6 million women members through its 930 branches across India

Asirvad Microfinance Ltd, the microfinance subsidiary of Kerala-based Manappuram Finance Ltd, on Wednesday said it has securitised its microfinance portfolio amounting to ₹250 crore with a public sector bank.
 
This securitisation held last month, is the eighth tranche for the current financial year and the total pool securitised with different bank amounts to ₹611 crore, a press release said.
 
The company has raised funds through term loans from banks and leading non-banking finance companies and also signed securitisation deals with banks, it said.
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