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MFIN Elects its New Chairperson and Vice Chairperson at its 10th AGM
Posted on: 01/Jul/2019 2:55:19 PM
New Delhi, 1st July, 2019: Microfinance Institutions Network (MFIN), the premier industry association and Self-Regulatory Organization (SRO) for the microfinance industry in India announced the unanimous selection of Manoj Kumar Nambiar* as Chairperson and Vineet Chattree** as Vice Chairperson of the Association at its 10th Annual General Meeting in New Delhi on the 28th of June, 2019. Manoj Nambiar, Managing Director of Arohan Financial Services and Vineet Chattree, Director, Svatantra Microfin, take over the reins from Udaya Kumar Hebbar, President MD & CEO, CreditAccess Grameen and Dibyajyoti Pattanaik, Director, Annapurna Finance.
On his taking over as Chairperson, Manoj Nambiar said, In the 10th year of MFIN, its time that we start celebrating this sector which has played a significant role in getting rural India into the folds of financial inclusion. Moreover, its contribution to job creation, women empowerment and digital literacy is immense. In my capacity as Chairperson of MFIN this year, I look forward to driving some critical initiatives for the industry, particularly bringing all institutions active in microfinance under the ambit of the Code of Responsible Lending. This will be a great leap for the sector in safeguarding the interests of our women customers and establishing our credibility.
Vice Chairperson, Vineet Chattree said, I have always had a wish list for the industry like many of us. The need now is to have such robust systems and processes so that we can demonstrate our collective achievements for the country. While MFIN has already achieved a lot, I will be focusing on making it more inclusive and respected while upholding the highest level of compliance towards client protection and governance.
Welcoming them on board, Harsh Shrivastava, CEO - MFIN said, Our Members at the AGM applauded this development heartily as both Mr Nambiar and Mr Chattree are veterans in the field of microfinance. MFIN welcomes them and looks forward to their guidance and support in further strengthening the industry.
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