Midland Microfin Limited

First Microfinance Institution
of the Region

12:23 AM Monday, 23 October 2017

1800 137 0600

Toll Free
* 9:30 AM to 5:30 PM

Midland Microfin Limited

First Microfinance Institution of the Region

1800 137 0600 Toll Free * 9:30 AM to 5:30 PM

Our Work

  • Area of Operation


    Area of Operation and Branch Network

    At present the area of Operation of Midland Microfin is Punjab and neighbouring states of Haryana and Rajasthan. Midland Microfin is having 80 branches in Punjab, Haryana and Rajasthan.

    In the next financial year the area will be expanded to the states of Himachal, Delhi and Uttarakhand Apart from opening more branches in Punjab, Haryana and Rajasthan. Thereafter it is proposed to be expanded to entire India and nearby countries.

    Area-of-Operations_Branches-Mentioned

  • Loan Products


    Micro Enterprise Loans

    We encourage entrepreneurship amongst women as sustainable source of livelihood by providing business loans for working capital. Business Loans give the economically active women access to finance in order to support their micro enterprises. Members use this to cater to their diverse business needs such as tools and equipment purchase, stock purchase, working capital etc.

    Business Loan (Cycle 1)
    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    12 Months
    (26 EFI)
    10000 – 20000 10000 – 15000 258 24.50% 1% on PF & applicable GST Fortnightly
    12 Months
    (26 EFI)
    10000 – 20000 15001 – 20000 344 24.50% 1% on PF & applicable GST Fortnightly
    1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
    Business Loan (Cycle 2)
    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    12 Months
    (26 EFI)
    20001 – 30000 20001 – 25000 430 24.50% 1% on PF & applicable GST Fortnightly
    12 Months
    (26 EFI)
    20001 – 30000 25001 – 30000 516 24.50% 1% on PF & applicable GST Fortnightly
    1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
    Pragati 1
    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    12 Months
    (26 EFI)
    10000 – 20000 10000 – 15000 258 24.50% 1% on PF & applicable GST Fortnightly
    12 Months
    (26 EFI)
    10000 – 20000 15001 – 20000 344 24.50% 1% on PF & applicable GST Fortnightly
    1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
    Business Loan (Cycle 3)
    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    24 Months
    (53 EFI)
    30001 – 35000 30001 – 35000 1204 24.50% 1% on PF & applicable GST Fortnightly with 70:30

    1.With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
    2.Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)

    Business Loan (Cycle 4)
    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    24 Months
    (53 EFI)
    35001 – 40000 35001 – 40000 1376 24.50% 1% on PF & applicable GST Fortnightly with 70:30
    1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
    2. Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)
    Business Loan (Cycle 5)
    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    24 Months
    (53 EFI)
    40001 – 50000 40001 – 50000 1720 24.50% 1% on PF & applicable Service Tax Fortnightly with 70:30
    1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
    2. Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)
    Top Up Loan
    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    12 Months
    (26 EFI)
    15000 15000 258 24.50% 1% on PF & applicable GST Fortnightly with 26 EFI
    • Common Ticket Size for All Five Borrowers.
    • Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)

    Eligibility Criteria

    1. Customers who have availed the 2 year loan products and have completed the 1 year of the loan product.
    2. For the graduated borrowers of BL-3 and above.
    Top Up Loan
    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    9 Months
    (20 EFI)
    10000 10000 258 24.50% 1% on PF & applicable GST Fortnightly with 20 EFI
    • Common Ticket Size for All Five Borrowers.
    • Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)

    Eligibility Criteria

    1. Customers who have availed the 2 year loan products and have completed the 1 year of the loan product.
    2. For the graduated borrowers of BL-3 and above.
    Water Purifier Loan

     It was observed that people especially in rural areas spend a hefty amount of their money on their medical expenses. It not only causes burden on their finances but is also too much bothersome. The quality of water in Punjab nowadays is not good and contains a lot of toxic elements that are hazardous for health, a water purifier has become the basic necessity of every household.
    The borrowers of Midland lack access to clean drinking water and are also unable to afford water purifiers, but have shown immense interest in buying water purifiers as per the Survey of Midland. This loan provides an opportunity to them to purchase a water purifier for their family in easy installments which may otherwise be beyond their reach. MML has tied up with Hindustan Unilever Ltd which is India’s largest Fast Moving Consumer Goods Company engaged in Marketing and Distribution of various consumer goods inter alia, in home water purifiers under the reputed brand Pureit for providing easy access in an affordable way to the existing borrowers of Midland Microfin Ltd.
    This loan is addition to the existing Business Loan of the member. The loan is given to the members on the group guarantee and the entire group stands jointly liable for the repayment of loan. No collateral security is taken from the members for availing this loan facility. The joint liability assures timely repayment of installments. Members who are falling under the Eligibility criteria & are ready to purchase the product can avail this loan product. The loan amount is of Rs 4200 and 8500 which is given to the member on the basis of previous repayment record, repayment capacity, track record etc.
    Classic LL-4200 Rs

    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    Classic LL 11 Months 4200 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 23 EFIs
    Classic LL 9 Months  4200  5000  75 24.50%  1% PF+ applicable GST on processing fees  Fortnightly with 19 EFIs
     Classic LL 6 Months  4200  5000  75 24.50%   1% PF+ applicable GST on processing fees  Fortnightly with 13 EFIs

    Classic RO+MF+SDF -8500 Rs

    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    Classic LL 11 Months 8500 10000 150 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 23 EFIs
    Classic LL 9 Months 8500 10000 150 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 19 EFIs
    Classic LL 6 Months 8500 10000 150 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 13 EFIs
    Sewing Machine Loan

    Using Quality Product is a fundamental right of any Consumer. But after conducting an extensive survey, a noticeable fact came to our notice that our members having lack of market awareness, are being spoilt by the retailers. Upon the enthusiastic feedback of the members & with a vision to provide products and services of outstanding quality to our members, Midland Microfin Limited has collaborated with Singer India Ltd., which is one of the leading Dealers & Manufacturers of Sewing machines, to facilitate the services with the mission of Serving Members “Beyond Microfinance”.
    Midland Microfin Limited is offering Singer POPULAR to the members. Sewing Machine Loan is only provided to those members who are supposed to avail Business Loan for the Stitching Business, Boutique Business & Stitching allied activities. Members may or may not opt to avail the facility of Sewing Machine Loan.
    Rates/loan amount of Singer Popular along with MRP- Loan Amount will be Rs. 3520/- and interest rate will be 24.50%.

    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    SML – Singer Popular 11 Months 3520 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 23 EFIs
    SML – Singer Popular 9 Months 3520 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 19 EFIs
    SML – Singer Popular 6 Months 3520 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 13 EFIs
    Solar Lamp Loan

    To provide products and services of outstanding quality to our members, Midland Microfin Limited has collaborated with Greenlight Planet India Pvt Ltd., which is one of the leading Dealers & Manufacturers of Solar Products, to facilitate the services with the mission of Serving Members “Beyond Microfinance”. The objective is to enlighten the homes using the solar energy. The Sun King Boom product is an affordable solar-powered lantern with radio, MP3 player and mobile phone charging capabilities.
    Rates/loan amount of Singer Popular along with MRP- Loan Amount will be Rs. 2899/- and interest rate will be 24.50%.

    Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
    Sun-king Boom 11 2899 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 23 EFIs
    Sun-king Boom 9 Months 2899 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 19 EFIs
    Sun-king Boom 6 Months 2899 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 13 EFIs

  • Insurance Services


    We provide insurance cover to the members in case of death not only to ensure recovery but also to provide support to the family, which drastically reduces risk for the poor. The insurance amount serves protection of credit and support to the borrower’s family. The mandatory life insurance is for the borrower and her husband at a low premium which is easily affordable. Midland Microfin has tied up with HDFC and Kotak Mahindra Old Mutual Life Insurance Limited for the credit life insurance product. As per RBI guidelines, only the actual cost of insurance is being charged from the members and spouse.

  • Operational Highlights


    As on 31 August 2017
    States 3
    UT 1
    Districts 53
    Cities 80
    Villages Covered 8702
    Branches 80
    Joint Liability Groups 24,996
    Members 2,59,462
    Borrowers 1,24,979
    No. of Centers 11,162
    Maximum Loan Amount Rs.50,000
    Average Ticket Size Rs.22,300
    Cumulative Loan Disbursement Rs.8,13,84,16,735
    ( US$ 12,73,41,836)
    Disbursement in the month of August 2017 Rs.30,50,50,285
    (US$ 47,73,123)
    Loan Disbursed in FY17-18 Rs.1,50,68,55,235
    ( US$ 2,35,77,770)
    Loan Outstanding Rs. 1,61,98,53,559
    (US$ 2,53,45,855)
    Loan End Use Verification 100%
    Equity Share Capital Rs.187,115,000
    (US$ 29,27,790)
    Preference Share Capital Rs. 4,24,50,000
    (US$ 6,64,215)
    Total Assets Rs.2,24,05,92,009
    (US$ 3,50,58,551)

  • Customer Testimonials



    PARAMJIT KAURMember Name : Paramjit Kaur W/o Varinder Singh

    R/o Village Jarkhar Distt. Ludhiana
    I am associated with Midland Microfin Limited from last 3years. I have taken loan of Rs. 15000/- two times from Midland Microfin Limited. I took the loan for Business Expansion. I am very happy and now I earn good amount and is able to fulfil all my needs.

    USHA RANIMember Name : Usha Rani W/o Lt. Ashok Kumar
    R/o Gandhi Basti Distt. Faridkot.
    I am associated with Midland Microfin Limited from last 2years. After The death of my husband I decided to start my own business of stitching clothes and for that purpose I needed money. At that time I took loan from Midland Microfin Limited for starting my business and I am thankful to Midland Microfin Limited who helped me in the time of my need. Now I have good income and can take care of my family.

    SITA DEVIMember Name : Sita Devi w/o Sanjay
    R/o Pathana Mohalla Panipat
    I used to sell Bed sheet, Pillow covers and other covers by making designs on them. I took loan from Midland Microfin Limited and invested the same in my business. It helped me to expand my business. I want Midland Microfin Limited to provide loan to other people like me so that they can also grow their business. I am very thankful to Midland Microfin Limited.

    GITAMember Name : Gita w/o Jagdish
    R/o village Rahda Distt. Assandh
    I took loan from Midland Microfin Limited to expand my stitching business, it not only helped my business to grow but also increased my self-confidence. I wish to stay connected with Midland Microfin Limited in future as well so that I can further grow my business. Now I can fullfill the needs of my family, growth in business has helped improve the financial condition of our family.

Area of Operation


Area of Operation and Branch Network

At present the area of Operation of Midland Microfin is Punjab and neighbouring states of Haryana and Rajasthan. Midland Microfin is having 80 branches in Punjab, Haryana and Rajasthan.

In the next financial year the area will be expanded to the states of Himachal, Delhi and Uttarakhand Apart from opening more branches in Punjab, Haryana and Rajasthan. Thereafter it is proposed to be expanded to entire India and nearby countries.

Area-of-Operations_Branches-Mentioned

Loan Products


Micro Enterprise Loans

We encourage entrepreneurship amongst women as sustainable source of livelihood by providing business loans for working capital. Business Loans give the economically active women access to finance in order to support their micro enterprises. Members use this to cater to their diverse business needs such as tools and equipment purchase, stock purchase, working capital etc.

Business Loan (Cycle 1)
Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
12 Months
(26 EFI)
10000 – 20000 10000 – 15000 258 24.50% 1% on PF & applicable GST Fortnightly
12 Months
(26 EFI)
10000 – 20000 15001 – 20000 344 24.50% 1% on PF & applicable GST Fortnightly
  1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
Business Loan (Cycle 2)
Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
12 Months
(26 EFI)
20001 – 30000 20001 – 25000 430 24.50% 1% on PF & applicable GST Fortnightly
12 Months
(26 EFI)
20001 – 30000 25001 – 30000 516 24.50% 1% on PF & applicable GST Fortnightly
  1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
Pragati 1
Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
12 Months
(26 EFI)
10000 – 20000 10000 – 15000 258 24.50% 1% on PF & applicable GST Fortnightly
12 Months
(26 EFI)
10000 – 20000 15001 – 20000 344 24.50% 1% on PF & applicable GST Fortnightly
  1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
Business Loan (Cycle 3)
Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
24 Months
(53 EFI)
30001 – 35000 30001 – 35000 1204 24.50% 1% on PF & applicable GST Fortnightly with 70:30

1.With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
2.Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)

Business Loan (Cycle 4)
Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
24 Months
(53 EFI)
35001 – 40000 35001 – 40000 1376 24.50% 1% on PF & applicable GST Fortnightly with 70:30
  1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
  2. Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)
Business Loan (Cycle 5)
Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
24 Months
(53 EFI)
40001 – 50000 40001 – 50000 1720 24.50% 1% on PF & applicable Service Tax Fortnightly with 70:30
  1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.5000
  2. Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)
Top Up Loan
Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
12 Months
(26 EFI)
15000 15000 258 24.50% 1% on PF & applicable GST Fortnightly with 26 EFI
  • Common Ticket Size for All Five Borrowers.
  • Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)

Eligibility Criteria

  1. Customers who have availed the 2 year loan products and have completed the 1 year of the loan product.
  2. For the graduated borrowers of BL-3 and above.
Top Up Loan
Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
9 Months
(20 EFI)
10000 10000 258 24.50% 1% on PF & applicable GST Fortnightly with 20 EFI
  • Common Ticket Size for All Five Borrowers.
  • Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)

Eligibility Criteria

  1. Customers who have availed the 2 year loan products and have completed the 1 year of the loan product.
  2. For the graduated borrowers of BL-3 and above.
Water Purifier Loan

 It was observed that people especially in rural areas spend a hefty amount of their money on their medical expenses. It not only causes burden on their finances but is also too much bothersome. The quality of water in Punjab nowadays is not good and contains a lot of toxic elements that are hazardous for health, a water purifier has become the basic necessity of every household.
The borrowers of Midland lack access to clean drinking water and are also unable to afford water purifiers, but have shown immense interest in buying water purifiers as per the Survey of Midland. This loan provides an opportunity to them to purchase a water purifier for their family in easy installments which may otherwise be beyond their reach. MML has tied up with Hindustan Unilever Ltd which is India’s largest Fast Moving Consumer Goods Company engaged in Marketing and Distribution of various consumer goods inter alia, in home water purifiers under the reputed brand Pureit for providing easy access in an affordable way to the existing borrowers of Midland Microfin Ltd.
This loan is addition to the existing Business Loan of the member. The loan is given to the members on the group guarantee and the entire group stands jointly liable for the repayment of loan. No collateral security is taken from the members for availing this loan facility. The joint liability assures timely repayment of installments. Members who are falling under the Eligibility criteria & are ready to purchase the product can avail this loan product. The loan amount is of Rs 4200 and 8500 which is given to the member on the basis of previous repayment record, repayment capacity, track record etc.
Classic LL-4200 Rs

Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
Classic LL 11 Months 4200 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 23 EFIs
Classic LL 9 Months  4200  5000  75 24.50%  1% PF+ applicable GST on processing fees  Fortnightly with 19 EFIs
 Classic LL 6 Months  4200  5000  75 24.50%   1% PF+ applicable GST on processing fees  Fortnightly with 13 EFIs

Classic RO+MF+SDF -8500 Rs

Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
Classic LL 11 Months 8500 10000 150 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 23 EFIs
Classic LL 9 Months 8500 10000 150 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 19 EFIs
Classic LL 6 Months 8500 10000 150 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 13 EFIs
Sewing Machine Loan

Using Quality Product is a fundamental right of any Consumer. But after conducting an extensive survey, a noticeable fact came to our notice that our members having lack of market awareness, are being spoilt by the retailers. Upon the enthusiastic feedback of the members & with a vision to provide products and services of outstanding quality to our members, Midland Microfin Limited has collaborated with Singer India Ltd., which is one of the leading Dealers & Manufacturers of Sewing machines, to facilitate the services with the mission of Serving Members “Beyond Microfinance”.
Midland Microfin Limited is offering Singer POPULAR to the members. Sewing Machine Loan is only provided to those members who are supposed to avail Business Loan for the Stitching Business, Boutique Business & Stitching allied activities. Members may or may not opt to avail the facility of Sewing Machine Loan.
Rates/loan amount of Singer Popular along with MRP- Loan Amount will be Rs. 3520/- and interest rate will be 24.50%.

Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
SML – Singer Popular 11 Months 3520 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 23 EFIs
SML – Singer Popular 9 Months 3520 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 19 EFIs
SML – Singer Popular 6 Months 3520 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 13 EFIs
Solar Lamp Loan

To provide products and services of outstanding quality to our members, Midland Microfin Limited has collaborated with Greenlight Planet India Pvt Ltd., which is one of the leading Dealers & Manufacturers of Solar Products, to facilitate the services with the mission of Serving Members “Beyond Microfinance”. The objective is to enlighten the homes using the solar energy. The Sun King Boom product is an affordable solar-powered lantern with radio, MP3 player and mobile phone charging capabilities.
Rates/loan amount of Singer Popular along with MRP- Loan Amount will be Rs. 2899/- and interest rate will be 24.50%.

Loan Tenure Loan Size (Rs.) Insurance Premium Brackets Insurance Premium Interest Rate Reducing Loan Processing Fees & GST Repayment Frequency
Sun-king Boom 11 2899 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 23 EFIs
Sun-king Boom 9 Months 2899 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 19 EFIs
Sun-king Boom 6 Months 2899 5000 75 24.50% 1% PF+ applicable GST on processing fees Fortnightly with 13 EFIs

Insurance Services


We provide insurance cover to the members in case of death not only to ensure recovery but also to provide support to the family, which drastically reduces risk for the poor. The insurance amount serves protection of credit and support to the borrower’s family. The mandatory life insurance is for the borrower and her husband at a low premium which is easily affordable. Midland Microfin has tied up with HDFC and Kotak Mahindra Old Mutual Life Insurance Limited for the credit life insurance product. As per RBI guidelines, only the actual cost of insurance is being charged from the members and spouse.

Operational Highlights


As on 31 August 2017
States 3
UT 1
Districts 53
Cities 80
Villages Covered 8702
Branches 80
Joint Liability Groups 24,996
Members 2,59,462
Borrowers 1,24,979
No. of Centers 11,162
Maximum Loan Amount Rs.50,000
Average Ticket Size Rs.22,300
Cumulative Loan Disbursement Rs.8,13,84,16,735
( US$ 12,73,41,836)
Disbursement in the month of August 2017 Rs.30,50,50,285
(US$ 47,73,123)
Loan Disbursed in FY17-18 Rs.1,50,68,55,235
( US$ 2,35,77,770)
Loan Outstanding Rs. 1,61,98,53,559
(US$ 2,53,45,855)
Loan End Use Verification 100%
Equity Share Capital Rs.187,115,000
(US$ 29,27,790)
Preference Share Capital Rs. 4,24,50,000
(US$ 6,64,215)
Total Assets Rs.2,24,05,92,009
(US$ 3,50,58,551)

Customer Testimonials



PARAMJIT KAURMember Name : Paramjit Kaur W/o Varinder Singh

R/o Village Jarkhar Distt. Ludhiana
I am associated with Midland Microfin Limited from last 3years. I have taken loan of Rs. 15000/- two times from Midland Microfin Limited. I took the loan for Business Expansion. I am very happy and now I earn good amount and is able to fulfil all my needs.

USHA RANIMember Name : Usha Rani W/o Lt. Ashok Kumar
R/o Gandhi Basti Distt. Faridkot.
I am associated with Midland Microfin Limited from last 2years. After The death of my husband I decided to start my own business of stitching clothes and for that purpose I needed money. At that time I took loan from Midland Microfin Limited for starting my business and I am thankful to Midland Microfin Limited who helped me in the time of my need. Now I have good income and can take care of my family.

SITA DEVIMember Name : Sita Devi w/o Sanjay
R/o Pathana Mohalla Panipat
I used to sell Bed sheet, Pillow covers and other covers by making designs on them. I took loan from Midland Microfin Limited and invested the same in my business. It helped me to expand my business. I want Midland Microfin Limited to provide loan to other people like me so that they can also grow their business. I am very thankful to Midland Microfin Limited.

GITAMember Name : Gita w/o Jagdish
R/o village Rahda Distt. Assandh
I took loan from Midland Microfin Limited to expand my stitching business, it not only helped my business to grow but also increased my self-confidence. I wish to stay connected with Midland Microfin Limited in future as well so that I can further grow my business. Now I can fullfill the needs of my family, growth in business has helped improve the financial condition of our family.

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