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    Chart of the Day: MFIs up the game in credit growth

    Unique borrowers in the microfinance institutions rose by 15 percent, so did the average loan ticket size

    Moneycontrol Opinion
    December 21, 2023 / 10:01 AM IST
    Chart of the Day: MFIs up the game in credit growth

    There is an increase in borrowing even in the microfinance (MFI) industry.

    Post pandemic, there is robust recovery in bank and non-banking finance companies’ credit growth. In fact, it seems to be on a stronger footing than that noticed even in the pre-COVID period.  Interestingly, there is an increase in borrowing even in the microfinance (MFI) industry. According to the latest Micrometer edition published by JM Financial Services, unique borrowers in the industry rose 15 percent year-on-year to 71 million in the September quarter (Q2FY2024). Even better, the average loan size has...

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