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About Micro Finance

Microfinance is an important tool of financial inclusion as well as poverty alleviation. The movement was initiated by NABARD for unbanked population known as SHG. The microfinance sector started evolving with participation from private sector leading to formation of MFI. RBI has granted priority sector status of microfinance in 2000-01. Following which the sector witnessed rapid growth in loan disbursal due to large scale access to funds through debt and equity.

Some key highlights are as under:
•    As of 31st Mar 2017, NBFC-MFIs provided microcredit t around 2.75 Cr clients*, an increase of 30% over
     Q4 FY 15-16.
•    The aggregate gross loan portfolio (glp) of MFIs stood at Rs 46,847 Cr (excluding non performing portfolio
      i.e. PAR > 180 days in Andhra Pradesh andTelangana). This represents a yoy growth of 25% over
      FY 15-16 and 5% over the last quarter.
•    Loan amount disbursed in FY 16-17 increased by 13% compared to FY 15-16 reaching to Rs 50,266 Cr.
•    Total number of loans disbursed by NBFC-MFIs increased by 13% in FY 16-17 compared with
     FY 15-16 reaching to 2.83 Cr.
•    Portfolio at Risk (PAR) 30 has increased considerably from 0.4% in FY 15-16 to 14.1% in FY 16- 17.
     This is directly attributed to the impact of demonetization.
•    Average loan amount disbursed per account is reduced to Rs 17,779 in FY 16-17 from Rs 17,812 in FY 15-16.
•    MFIs now cover 32 states/union territories.
•    In terms of regional distribution of portfolio (GLP), south accounts for 31% of the total industry portfolio,
     north for 27%, west for 24%, and east for 18%. Top five top states, viz. Karnataka, Tamil Nadu,
     Uttar Pradesh, Maharashtra and Madhya Pradesh account for 56% of glp.



Current Out Reach

Key Operational Statistics as on 31st March 2017

Gross Loan Portfolio (Rs. Cr.)

148.06

BC Portfolio (From IDBI Bank)(Rs. Cr.)

22.02

No. of States

4

No. of districts

25

No. of Branches

88

No. of Active members

1,77,221

Average Loan Size disbursed During FY 16-17 (INR)

17,799

Average O/S Loan (INR)

9,064

Regular Repayment Rate

99.36%

Number of Employees

484

Rating & Grading

Jagaran has been awarded Grade S3 (Good) as Social Rating by M2I in 2016 (a renowned Social Rating agency).

It has received Grading “AA” in Code of Conduct Assessment (COCA) conducted by ACCESS-ASSIST in 2016

CARE Ratings assigned a grading ‘MFI 2’ in 2016 and Bank Loan rating “BBB-“ in2016 (Triple B Minus) to Jagaran.

CRISIL awarded a BLR rating of ‘BB+’(Stable) to Jagaran on January 2015.

Jagaran received Skoch Order-of-Merit award in September 2016.

Our Philosophy

Service Excellence: Provide unfailing service at the right place and at the right time.

Product Offering: Listen to the market and offer practical solutions.

Support and Guidance: Understand problems and assist members whenever required.


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