AMIL shows strong results in 2017
AMIL continued its progress towards growth and viability and is set to record its second successive year of financial viability, after breaking even in the previous year. While its financial year ends in March, the estimated loan book for its year end is over USD4.5 million, with a healthy position on portfolio quality and profitability. Like other Agora MFIs, AMIL has also branched out into mobile payment services as a super-agent and has further consolidated its geographical reach in Mumbai with operations run from 11 branches. We expect that AMIL will end its financial year with approximately 20,000 clients in Mumbai.