Swadhaar facing margin squeeze as it enters ‘billion rupee’ loan club, scripting expansion
Mumbai-based urban microfinance institution Swadhaar FinServe is set to enter the Rs 100 crore (Rs 1 billion) loan-book club by the end of this fiscal, which would require it to cap the margins on loans. The microlender is striking a critical deal which would help cut operational costs and is also planning to expand its reach to four more states by the end of the current financial year, its chief executive told VCCircle.
Swadhaar ended FY12 with a loan book of around Rs 90 crore and is expected to grow 40 per cent in the current year, said M RajaRam...
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