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.
