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SKS Microfinance may raise up to ₹4,500 crore to meet its lending requirements during the next financial year.
The company expects to raise ₹1,500 crore of the total fund requirement through securitisation deals during next year, SKS Microfinance President S Dilli Raj said.
“We expect the portfolio outstanding will be ₹4,000 crore by the end of FY’15. That would call for a disbursement of ₹5,750 crore.
“The borrowing target will be over ₹4,000 crore and up to ₹400 crore of equity raising. So, we will be raising approximately ₹4,500 crore through equities and debt. Of this, Rs 1,500 crore will be through securitisation,” Dilli Raj told PTI.
SKS Microfinance, the only listed micro lender, currently has operations in 15 states, including Andhra Pradesh, where all the MFIs face rough weather owing to Andhra Pradesh Micro Finance Institutions (Regulation of Money lending) Act, 2010.
As of now, Karnataka contributes 17.5 per cent of the total portfolio followed by Orissa with 14.6 per cent and Bihar and Maharashtra with 11.5 per cent each.
“As per our internal concentration policy, no single state will contribute more than 15 per cent to the total portfolio. Karnataka’ share, which is now at 17 per cent of the total portfolio outstanding, will be brought down to 15 per cent by the year-end,” he said.
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