Sadaf Sayeed, CEO of the Kochi-based Muthoot Microfin, has been appointed as the Co-Chair of Sa-Dhan, the largest and oldest association of microfinance and impact finance institutions in India.
The re-election took place during Sa-Dhan’s 26th Annual General Body Meeting. Recognized as a Self-Regulatory Organisation (SRO) by the Reserve Bank of India (RBI), Sa-Dhan has been a pivotal force in the microfinance sector for the past 25 years.
Earlier this week, Sa-Dhan appointed Paul K Thomas, MD & CEO of ESAF Small Finance Bank, as its Chairperson.
Upon his appointment as Co-Chair, Sadaf Sayeed commented, “I will work with the board to ensure the growth of the microfinance sector, serve the most underserved communities in India, and promote livelihood solutions and entrepreneurship at the grassroots level.”
Sa-Dhan boasts approximately 220 members working across 33 states and union territories, and over 600 districts. These members include both for-profit and not-for-profit MFIs, SHG-promoting institutions, banks, rating agencies, capacity-building institutions, and more. Additionally, Sa-Dhan is recognized as a National Support Organization (NSO) by the National Rural Livelihood Mission (NRLM).
