Equitas, an urban microfinance institution, based in Chennai, is attempting to raise Rs.50 crores through private equity. The microfinance institution has adapted banking best practices by creating systems and procedures that enable it to reach high degrees of transparency and efficiency. The organization has reduced transaction costs by the use of centralized data-entry operations and has a fully integrated ERP system in place.
An equity investor investing in microfinance institutions evaluates the institution based on parameters such as top management, outreach, technology, financials, products offered, interest rates charged and future projections. Equitas scores high on all these parameters and it is likely to figure in the top five list of equity investors investing in microfinance India.
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