RGVN MICROFINANCE
Headquartered in Guwahati, RGVN Microfinance operates through a network of 107 branches spread across 31 districts in the five states of Assam, Nagaland, Meghalaya, Arunachal Pradesh and Sikkim.
Performance on key parameters
The mid-sized MFI had a loan portfolio of Rs.115 crore as of September 30, 2013. The pace of growth has declined significantly since 2012-13. In addition, the business continues to be highly concentrated in Assam Asset quality is moderate; the 90+ days past due was around 0.5 percent since 2011-12 although it was much higher earlier on account of delinquencies in some districts Funding profile is adequate, backed by reasonable diversity including banks, financial institutions and NBFCs Capitalization is adequate with a net worth of Rs.24 crore and gearing of 4.3 times as of March 31, 2013. Developmental institutions like Small Industries Development Bank of India and North Eastern Development Finance Corporation of India have infused equity in the past supporting the company’s growth Profitability is healthy with return on assets of over 3 percent over the past two years
RGVN MICROFINANCE STATISTICS
The latest data and reports are given below for 2010-2013
