Indian News & Times
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Asirvad Microfinance Ltd., a subsidiary of Manappuram Finance Ltd., has received a grading of “MFI 1” from CARE Ratings.
CARE’s MFI grading is a one-time assessment of an MFI’s operational and financial capability to undertake and sustain the targeted level of operations. The grading is assigned on an 8 point scale with MFI 1 being the highest.
Asirvad Microfinance was evaluated on the basis of a four point framework, viz. transparency, operational setup, scale of operations and sustainability.