Muthoot Microfin is a part of the Muthoot Pappachan Group (MPG). MPG is one of the leading business conglomerates, with a presence in multiple verticals. Muthoot Microfin Limited is a leading microfinance institution focussed on providing micro-loans to women customers predominantly in rural regions of India. The company follows joint liability group (JLG) model of microfinance. Clients are organized in groups of four to ten women from economically weaker sections of society, living in rural and semi-urban areas or urban slums. The microfinance operations of the company are designed to promote entrepreneurship among women and inclusive growth. The institution provides financial assistance through micro loans such as income generating loans to women engaged in small businesses.
1. What is TCP? Explain briefly.
2. What is MFI?
3. What are the responsibilities of a branch manager?
4. How do you manage collections?
5. If the principal amount is 5500, the interest rate is 12%, and the time is 1.5 years, what is the simple interest?
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