| Year |
Contribution to Micro Finance Sector |
By |
| 2010 |
At peak in October 2010 (Prior to AP Micro Finance Act), BSFL had a loan book of Rs 18,080 million with over 1.73 million credit customers with insurance coverage, over 8,000 employees and 235 Unit offices across 20 states |
BSFL |
| 1996-2010 |
BASIX conducted Quarterly reviews beginning Sept 1996 till 2010 i.e., for over 14 years. In each of the event an average of 20 persons used to participate to see BASIX work, pick up learnings, and provide feedback. This served as a great OD tool and helped many to start Micro Finance Institutions both in India and other countries. It is estimated that over 1000 persons visited BASIX between years 1996 to 2010and benefited from. |
BSFL |
| 2007 |
BSFL has produced and seeded over 60 Managers to the Bankers, Insurance Companies and NBFC and was a major source of HR talent for Micro Finance Sector services. |
BSFL |
| 2003 |
BSFL was the first MFI to get Portfolio Securitisation of microcredit from ICICI Bank |
BSFL |
| 2002 |
BSFL was the first MFI to get CRISIL rating, got FA-, investment grade, 2002 |
BSFL |
| 2001 |
BSFL was the first MFI to raise equity USD 2 million- from IFC and other international investors |
BSFL |
| 2001 |
Received NABARD Award in 1999 for achieving highest lending to SHGs |
BSFL |
| 1998 |
BSFL raised First commercial bank loan for on-lending to microcredit customers from Global Trust Bank one of the early Indian Private Sector Bank in India. |
BSFL |
| 1998 |
BASF was the first company to raise external commercial borrowing in Forex for microfinance which paved way for others |
BSFL |
| 1996 |
BSFL was set up as the first Microfinance NBFC in India, the idea being to show that microcredit borrowers are creditworthy and that lending to the poor can be sustainable. |
BSFL |
