Midland Micro Finance Limited Unlisted Shares

Midland Micro Finance Limited (MML) is an unlisted public company based in Jalandhar, Punjab, India, primarily engaged in the microfinance sector. Established in 1988, MML operates as a Non-Banking Financial Company - Micro Finance Institution (NBFC-MFI) and is registered with the Reserve Bank of India (RBI). The company focuses on providing financial services to underserved populations, particularly women, through a technology-driven approach aimed at promoting financial inclusion and supporting micro-enterprises. Business Model and OperationsMML operates on the Grameen Model, utilizing Joint Liability Groups (JLGs) to facilitate lending. This model allows groups of borrowers to collectively guarantee loans, thereby reducing risk for the lender. As of now, MML has expanded its reach across 12 states and 2 Union Territories in India, with plans for further expansion into Odisha and beyond.