Tamil Nadu-based Madura Microfinance has planned to penetrate deeper into Karnataka by expanding its operations by leveraging its experience and insights from its home state and by offering customised products to suit the needs of locals, according to A. Ravishankar, senior vice-president, Madura Microfinance.
He said that they were focussed on bringing efficiency in their processes, reducing risks through data excellence and identification of growth areas, and to introduce new products and opportunities for the long-term benefit of customers.
“With this expansion we expect to touch 15 lakh members from the current 4 lakh in the next three years,” he said in a release issued here on Wednesday.
Since its founding, Madura has disbursed over Rs.1,000 crore of loans and has a network of 200 branches.
Madura is now bringing its unique model to the towns of North Karnataka.
‘Since its founding, Madura has disbursed over Rs.1,000 crore of loans’
