Our Work

Area of Operation

Area of Operation and Branch Network

At present the area of Operation of Midland Microfin is Punjab,Chandigarh ,Haryana ,Rajasthan,Uttar Pradesh,Bihar and Himachal Pradesh. Midland Microfin is having 197 branches in Punjab,Chandigarh ,Haryana ,Rajasthan,Uttar Pradesh,Bihar,Himachal Pradesh and Jharkhand .

In the next financial year the area will be expanded to the states of Gujrat and Madhya Pradesh Apart from opening more branches in Punjab,Chandigarh ,Haryana ,Rajasthan,Uttar Pradesh,Bihar, Himachal Pradesh and Jharkhand. Thereafter it is proposed to be expanded to entire India and nearby countries.

Loan Products

Micro Enterprise Loans

We encourage entrepreneurship amongst women as sustainable source of livelihood by providing business loans for working capital. Business Loans give the economically active women access to finance in order to support their micro enterprises. Members use this to cater to their diverse business needs such as tools and equipment purchase, stock purchase, working capital etc.

Business Loan For One Year

1. With a condition of max difference between the sanctioned loan amount of members within same group can’t exceed Rs.7000
2. Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)

Business Loan For Two Year

1. Minimum two groups must be disbursed in a Centre for Business Loan – 2 Years Loan Product.
2. All members in a group must be of Two years tenure.
3. Loan will be disbursed in Rural and Semi Urban centers only.

Water Purifier Loan

 It was observed that people especially in rural areas spend a hefty amount of their money on their medical expenses. It not only causes burden on their finances but is also too much bothersome. The quality of water in Punjab nowadays is not good and contains a lot of toxic elements that are hazardous for health, a water purifier has become the basic necessity of every household.
The borrowers of Midland lack access to clean drinking water and are also unable to afford water purifiers, but have shown immense interest in buying water purifiers as per the Survey of Midland. This loan provides an opportunity to them to purchase a water purifier for their family in easy installments which may otherwise be beyond their reach. MML has tied up with Hindustan Unilever Ltd which is India’s largest Fast Moving Consumer Goods Company engaged in Marketing and Distribution of various consumer goods inter alia, in home water purifiers under the reputed brand Pureit for providing easy access in an affordable way to the existing borrowers of Midland Microfin Ltd.
This loan is addition to the existing Business Loan of the member. The loan is given to the members on the group guarantee and the entire group stands jointly liable for the repayment of loan. No collateral security is taken from the members for availing this loan facility. The joint liability assures timely repayment of installments. Members who are falling under the Eligibility criteria & are ready to purchase the product can avail this loan product. The loan amount is of Rs 4200 and 8500 which is given to the member on the basis of previous repayment record, repayment capacity, track record etc.
Classic LL-4200 Rs

Classic RO+MF+SDF -8500 Rs

Sewing Machine Loan

Using Quality Product is a fundamental right of any Consumer. But after conducting an extensive survey, a noticeable fact came to our notice that our members having lack of market awareness, are being spoilt by the retailers. Upon the enthusiastic feedback of the members & with a vision to provide products and services of outstanding quality to our members, Midland Microfin Limited has collaborated with Singer India Ltd., which is one of the leading Dealers & Manufacturers of Sewing machines, to facilitate the services with the mission of Serving Members “Beyond Microfinance”.
Midland Microfin Limited is offering Singer POPULAR to the members. Sewing Machine Loan is only provided to those members who are supposed to avail Business Loan for the Stitching Business, Boutique Business & Stitching allied activities. Members may or may not opt to avail the facility of Sewing Machine Loan.
Rates/loan amount of Singer Popular along with MRP- Loan Amount will be Rs. 3520/- and interest rate will be 27.20%.

Solar Lamp Loan

To provide products and services of outstanding quality to our members, Midland Microfin Limited has collaborated with Greenlight Planet India Pvt Ltd., which is one of the leading Dealers & Manufacturers of Solar Products, to facilitate the services with the mission of Serving Members “Beyond Microfinance”. The objective is to enlighten the homes using the solar energy. The Sun King Boom product is an affordable solar-powered lantern with radio, MP3 player and mobile phone charging capabilities.
Rates/loan amount of Singer Popular along with MRP- Loan Amount will be Rs. 2899/- and interest rate will be 27.20%.

Udaan-Individual Loan

“Udaan” loan product is given to MML’s existing customers for working capital as well as capital investment in their existing business. It is one of MML’s first few attempts to develop individual credit products for its loyal customer. Currently, the sourcing base for “Udaan” loan product is the family of an existing JLG loan customer in which a family member runs a small business. Open sourcing from the market is not resorted to for this product.In order to apply for “Udaan”, the JLG loan customer should have successfully completed at least two JLG loan cycles. There should be an applicant, co-applicant and guarantor for every Loan of “Udaan” loan product. The applicant and co-applicant must either be blood relatives or spouse of the member. The third party guarantor must be a person outside the family.

Top Up Loan(Rs. 10000)

• Common Ticket Size for All Five Borrowers.
• Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)

Top Up Loan (Rs. 15000)

• Common Ticket Size for All Five Borrowers.
• Disbursement will be done only in Cashless Mode. (NEFT transaction / Cheque / Prepaid Card)

Insurance Services

We provide insurance cover to the members in case of death not only to ensure recovery but also to provide support to the family, which drastically reduces risk for the poor. The insurance amount serves protection of credit and support to the borrower’s family. The mandatory life insurance is for the borrower and her husband at a low premium which is easily affordable. Midland Microfin has tied up with HDFC,ICICI and Kotak Mahindra Old Mutual Life Insurance Limited for the credit life insurance product. As per RBI guidelines, only the actual cost of insurance is being charged from the members and spouse.

Operational Highlights

As on 31 May 2020

Customer Testimonials

Member Name : Paramjit Kaur W/o Varinder Singh
R/o Village Jarkhar Distt. Ludhiana
I am associated with Midland Microfin Limited from last 3years. I have taken loan of Rs. 15000/- two times from Midland Microfin Limited. I took the loan for Business Expansion. I am very happy and now I earn good amount and is able to fulfil all my needs.

Member Name : Usha Rani W/o Lt. Ashok Kumar
R/o Gandhi Basti Distt. Faridkot.
I am associated with Midland Microfin Limited from last 2years. After The death of my husband I decided to start my own business of stitching clothes and for that purpose I needed money. At that time I took loan from Midland Microfin Limited for starting my business and I am thankful to Midland Microfin Limited who helped me in the time of my need. Now I have good income and can take care of my family.

Member Name : Sita Devi w/o Sanjay
R/o Pathana Mohalla Panipat
I used to sell Bed sheet, Pillow covers and other covers by making designs on them. I took loan from Midland Microfin Limited and invested the same in my business. It helped me to expand my business. I want Midland Microfin Limited to provide loan to other people like me so that they can also grow their business. I am very thankful to Midland Microfin Limited.

Member Name : Gita w/o Jagdish
R/o village Rahda Distt. Assandh
I took loan from Midland Microfin Limited to expand my stitching business, it not only helped my business to grow but also increased my self-confidence. I wish to stay connected with Midland Microfin Limited in future as well so that I can further grow my business. Now I can fullfill the needs of my family, growth in business has helped improve the financial condition of our family.