microfinanceSelf Sufficiency
Once the microfinance company is established, its operations will be self-sufficient.
microfinanceBetter Repayment Rate
Microfinance companies have a better repayment rate than banks
microfinancemicrofinanceNo Minimum Capital Requirements
It is not mandatory to fulfill any minimum capital requirements for setting up a microfinance company.
microfinanceNo RBI Approval
There is no requirement for RBI approval to establish a microfinance company as the minimum compliance requirement.
microfinance Encourages Entrepreneurship
Starting this type of entity promotes entrepreneurship to fulfill business requirements.
microfinanceCredibility