SMILE Microfinance Unlisted Shares

S.M.I.L.E Microfinance is a non-banking-finance company (NBFC), registered with and regulated by the Reserve Bank of India.The company is primarily engaged in providing microfinance services to Women from poor segments of urban/rural Tamilnadu and adopts Joint Liability Model(JLG) model to provide unsecured loans to the members.The model ensures credit discipline through weekly, fortnightly, monthly meetings to make sure individual members are diligent in utilizing the loan and are prompt in repaying their loan.The company SMILE Microfinance has presence across 7 states with a portfolio outstanding of INR 606 Cr, managed through a network of 144 branches and a team of more than 880 employees. It is the first Chennai based Microfinance Institution (MFI) to set up MFI operations and obtained license from RBI in 2015 and has a first mover advantage.