Set up in 2010, the company has a loan portfolio of Rs 255 crore and services 1,41,000 customers in four states through 38 branches.

Negotiations are believed to be ongoing to include private sector banks like ICICI or state-run Bank of Baroda too.

According to IFMR Capital, the NBFCMFIs have raised equities worth Rs 2,300 crore in the past few months.

These loans are bundled together and backed by a common guarantee provided by IFMR Capital.

Hinduja Leyland Finance has bought the pooled loan portfolios against the loan receivables of companies operating across segments such as m...

IFMR Capital today said it has structured the first CBO (collateral bond obligation) deal in the micro-lending space in the country.

MFIs are finding support from social & philanthropic funds. Sector's traditional sources of funding have dried up following accusations tha...