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Is Microfinance back?: The Economic Times

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In an Economic Times article, journalists Shailesh Menon & Indulal PM use Venture Intelligence Exit data for returns in PE/VC investments in Microfinance companies:
Microfinance has drawn private equity funds with the sector generating an average return of 5.8 times to invested capital during 2010 to 2015, according to data from Venture Intelligence. 
The following reasons have been stated by the article for the resurgence of interest in Microfinance sector:

  1. Recent successful exits in Equitas Holdings & Ujjivan MFI
  2. Growing loan book (The industry loan book has increased by 130% to Rs 47,200 crore in 2014-15)
  3. Rationalising of lending rates and higher profitability in the post-Andhra crisis.
  4. RBI decision to award small finance banks (SFB) licences to some of the MFIs

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