WELCOME TO
REPCO MICRO FINANCE LIMITED

Repco Micro Finance Limited (RMFL) incorporated in the year 2007 as Repco MSME Development & Finance Ltd and registered as NBFC with Reserve Bank of India in year 2010. Later it was classified as NBFC-MFI in December 2013.

The company is promoted by Repatriates Cooperative Finance & Development Bank Ltd. (Repco Bank) which is a Govt. of India Enterprise.

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MANAGING DIRECTOR

Shri. A.G. Venkatachalam started his career with Repco Bank in the year 1991 and at present General Manager of Repco Bank. He has more than 3 decades of rich experience in banking & micro-finance through various capacities. He has good knowledge in Banking and has worked in different branches and headed several branches at Repco Bank.
By qualification, he holds Bachelor Degree in Science and Law and also a Master’s degree in Arts. He has completed Diploma in AML, KYC and Micro Finance and also holds professional Degree of CAIIB besides MBA.
He was member of various functional committees at Repco Bank, Trustee of Repco Bank Employees Pension Fund and served as Appellate Authority under RTI Act and Public Relations Officer of the Bank on different occasions. He headed the Credit Division at Repco Bank from June’ 2017 to March’ 2021.
He has previously served on the Board of Repco Micro Finance for almost 5 years between 2012 and 2017.
During his second tenure at RMFL, He was the Whole-time Director of Repco Micro Finance Ltd., from April’ 2021 to May’ 2024 supervising all the business operations of the Company.
Presently, he is appointed as Managing Director of the Company. br He owns high expertize in Micro Finance Business operations and his contribution for Repco Micro Finance Ltd is enduring and remarkable.

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PRODUCTS

MF Loan

First Cycle Loan - 50,000

Second Cycle Loan - Upto 2.50 lakhs

ROI @ 22% per annum

Non MF Loan

First Cycle Loan - 50,000

Second Cycle Loan - Upto 2.50 lakhs

ROI @ 23% per annum

Business

Business 2020-2021 2021-2022 2022-2023 2023-2024
Loan Outstanding (in Crs) 865.02 1020.64 1087.06 1331.47
No. of Beneficiaries 354388 333499 285439 273446

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