Fin-tech leverage in microfinance institutions: A study on industry level operational efficiency and financial performance

Microfinance is a decisive financial service as it provides access of capital and other supportive services to the financially underserved. The microfinance is a well-regulated industry defends the exploitation of unorganized money lenders. Micro Finance Institutions (MFI) served the additional clients on average with growth rate of 6% yearly. Adoption of advancements in Financial Technologies helped the MFIs to introduce Innovations in their operations. During the study period these innovations resulted in improved operating efficiency and earnings reasonably a good return on Investments. Micro financing Industry has huge untapped market in the lending sector and can flourish when the services extend to the all low-income clients. Maximizing the client base for Micro financing Industry is highly desirable for inclusive growth of Economy.