Rs 52 lakh loss making microfinance finally starts making profit; Sabaiko Laghubitta posts Rs 1.20 crore profit in Q2

Thu, Jan 24, 2019 6:40 AM on Latest,

Sabaiko Laghubitta has improved its financial performance by earning a profit of Rs 1.20 crore by the end of second quarter of the current fiscal year. last year in the same review period, the microfinance had posted a net loss of Rs 52.55 lakh.

The young microfinance has its presence in 22 districts through 33 branches so far and has Rs 1.14 arba as issued credit and Rs 26.69 crore as deposits.