SE Investments Limited, a Delhi-based public limited company with approximately 200,000 active borrowers, recently announced that it plans to expand microfinance activities into Uttarakhand and Rajasthan states and add 100,000 new clients. The company also plans to double its loan book from INR 5.4 billion (the equivalent of USD 118 million) to INR 10 billion (the equivalent of USD 217 million) by March 2011. SE Investments Limited currently has approximately 315,000 microfinance clients in Uttar Pradesh state who are able to take loans of up to INR 50,000 (the equivalent of USD 1,089) at “average” interest rates of 24 to 27 percent over an unspecified period of time [1].
As of March 31, 2009, SE Investments Limited reports to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, total assets of USD 145 million, a gross loan portfolio of USD 77.9 million, a return on assets of 5.65 percent, a return on equity of 13.78 percent and 199,731 active borrowers.
By Lindsey Shaughnessy, Research Associate
About SE Investments Limited: SE Investments Limited, founded in Kanpur in 1992 as a private limited company, is now a Delhi-based public limited company. SE Investments Limited offers loans, leasing, deposit and individual and group microloan services in India. As of March 31, 2009, SE Investments Limited reports to the Microfinance Information Exchange (MIX), the microfinance information clearinghouse, total assets of USD 145 million, a gross loan portfolio of USD 77.9 million, a return on assets of 5.65 percent, a return on equity of 13.78 percent and 199,731 active borrowers.
Sources and Additional Resources:
[1] The India Times, “SE Investments to foray into Rajasthan, Uttarakhand”, September 15, 2010. http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/finance/SE-Investments-to-foray-into-Rajasthan-Uttarakhand/articleshow/6558912.cms
MicroCapital’s Microfinance Universe profile: SE Investments Limited
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/.
Similar Posts:
- MICROCAPITAL BRIEF: Annapurna of India Borrows $10m from MicroVest to Expand Microfinance for Rural Women
- MICROCAPITAL BRIEF: Agents for Impact Disburses $8m from Invest in Visions (IIV) to Microfinance Institutions Digamber of India, Imon of Tajikistan
- MICROCAPITAL BRIEF: IDB Invest, Oikocredit Subscribing to $20m Bond from CJA to Finance MSMEs in Ecuador, Targeting Underrepresented Groups
- MICROCAPITAL BRIEF: Peruvian Fintech Lender Prestamype Concludes $5m Equity Funding Round Led by Acumen Subsidiary ALIVE Ventures, Oikocredit
- MICROCAPITAL BRIEF: AIA Commits $200m to LeapFrog Investments Seeking Positive Social, Environmental Impact
