Micro finance company Spandana today said that it has crossed the cumulative disbursement mark of Rs 15,000 crore with its cumulative disbursement as on August 31 at Rs 15,135 crore.
These small loans are given to economically-active low- income households across rural and peri-urban areas which have a large, unmet demand for credit.
Spandana, which has been successful in reaching out to a large section of the under-banked population, now touches the lives of over 50 lakh households, a press release issued here stated.
Currently, Spandana's Asset Under Management (AuM) stands at Rs 4,318 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app