Swabhiman Microfinance Earns Net Profit of Rs 3.6 Mn

Nov 12, 2018 Merolagani

Swabhiman Microfinance (SMBSL) has earned a net profit of Rs 3.6 million in the first quarter of the current FY compared to net loss of Rs 2.6 million of the corresponding period of the last FY.

The company with Rs 42 million in paid-up capital has reserve fund of Rs 1.8 million. During the period, the company collected deposit of Rs 148.5 million, borrowed Rs 414.1 million and extended loan of Rs 507.4 million.

During the review period, the company earned net interest income of Rs 7.3 million which was Rs 7.04 million in the review period of the last FY.

The company has bad debt ratio of 0.02 percent.

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