By the end of the first year the Company would have 6 branches, with gross portfolio of Rs. 18.91 Crore (USD 2.8 million), and aims to expand to 60 branches in 5 years period, with year end outstanding portfolio of Rs. 302 Crore (USD 44.4 million). The annual average portfolio growth rate has been projected at 104%. Portfolio quality will be kept under control with PAR30 less than 2.0% at all times. The number of employees by the end of year 5 is projected as 573 of which 75% will be field-based. The company will breakeven and is expected to generate annual return on assets (RoA) of 3.0% by the end of 2 years. It is anticipated that the investors would derive an IRR of at least 34% at the end of 5 years.

Growth Chart

Mimoza is the initiative of a highly committed banking and microenterprise finance professional. Mr. Kishore Kumar will assume the role of a Director once RBI approval is obtained and will continue as promoter of Mimoza. He is a serial entrepreneur and brings with him more than 18 years of combined experience in the microfinance, commercial, development and investment banking and rural development sectors. He has a unique combination of extensive operational and funding experience coupled with excellent knowledge of the local microenterprise market.

The biggest competitive advantage of Mimoza would be that, the promoter of the Company hails from Adilabad District, one of the initial strategic business locations of the Company. Moreover, by virtue of his and the operations team’s several years of direct and indirect working experience in this region, the Company’s senior management is very much familiar with the market, perhaps better than any of their counterparts in other NBFCs. Secondly, the strategy to offer diversified products aimed at different market segments would be unique to Mimoza when compared to competitors whose business approaches do not seem to offer much flexibility. Thirdly, promoter and the management of Mimoza are experienced new generation professionals who bring in fresh and radical perspectives, while keeping in mind the lessons learned in the past.

Projected Disbursements

	Year 1	Year 2	Year 3	Year 4	Year 5
(Amount in Rs ‘000, unless specified)
Micro Enterprise Loans (1L to 4L)	3,20,000	9,60,000	19,20,000	33,60,000	58,80,000
Small & Medium Enterprise Loans (4L to 10L)	30,000	45,000	67,500	1,01,250	1,51,875
Personal Loans to Salaried Employees	10,000	20,000	30,000	45,000	67,500
E-Lending for Consumer Durables	2,500	3,750	5,625	8,438	12,656
Short Term Educational Loans	100	150	225	338	506
School Loans	–	1,000	1,500	2,250	3,375
Total	3,62,600	10,29,900	20,24,850	35,17,275	61,15,913
USD in 000	5,332	15,146	29,777	51,725	89,940
Annual growth rate		184%	97%	74%	74%

Table : No of Clients Projections:

	Year 1	Year 2	Year 3	Year 4	Year 5
Micro Enterprise Loans (1L to 4L)	2,133	6,400	12,800	22,400	39,200
Small & Medium Enterprise Loans (3L to 10L)	200	300	450	675	1,013
Personal Loans to Salaried Employees	67	133	200	300	450
E-Lending for Consumer Durables	17	25	38	56	84
Short Term Educational Loans	2	4	6	8	10
School Loans	–	7	10	15	23
Total	2,419	6,869	13,504	23,454	40,779