As it charts the next phase of growth, Asirvad’s is working to integrate its workforce and technology in a manner that can help the greatest number of people, in the shortest span of time. Asirvad was amongst the first microfinance institutions in India to deploy the mobile phone as an operational tool in 2009. The company has already implemented 100% cashless disbursement and is looking to deploy automation to improve employee productivity and enhance customer satisfaction. Last year, the Company partnered with a leading agency to initiate cash deposits through alternative channels in 17 remote locations. This has helped to reduce the risk of carrying cash to the Banks. Asirvad is now actively looking to automate more systems in a manner that is most productive use of our human assets and capital.
Asirvad Microfinance received CARE rating of ‘MFI 1’, the highest grading in the industry. The bank loan rating was also upgraded to A- by ICRA and CARE ratings. In July 2018, we were graded ‘CARE MFI One’ for operational and financial capability to undertake and sustain the targeted level of operation based on various parameters. In October 2018, CRISIL rated us ‘CRISIL A Plus Positive’ for term bank loan facilities and issue of non-convertible debentures and ‘CRISIL A1 PLUS’ for issue of commercial papers.