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Having more than one SRO is good for business: Sa-dhan CEO Jiji Mammen

'Multiple SROs mean a greater number of watchful eyes'

Jiji Mammen
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Sa-dhan CEO Jiji Mammen

Raghu Mohan
Sa-dhan is the oldest body for micro-finance institutions, and the second self-regulatory body for the industry. Its latest quarterly report shows that at end-June, the microcredit book of 232 lenders (members) was Rs 2.76 trillion — a growth of 5 per cent over the previous quarter — but an annual increase of 24 per cent. JIJI MAMMEN, Sa-dhan’s executive director and chief executive officer, spoke with Raghu Mohan. Edited excerpts:

Why is there still no uniformity in reporting data to the credit bureaus by microfinance players, despite everyone talking of its merits?

I feel reporting credit histories to bureaus has to be