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All is Well - Independent Study Report on mass default crisis released: The AKMi (Association of Karnataka Microfinance |
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Institutions) - commissioned report provides an unbiased analysis of the events leading to the default crisis in pockets of Karnataka last year. It chalks out recommendations going forward, many of which have already been implemented by the MFIs. Read more |
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Incredible Indian North East: Ujjivan expands in this neglected region, opening 8 branches. Economic disparity and low financial services penetration make this a high potential region for business and social impact
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Mumbai Calling – Rapid progress in operations: Ujjivan becomes the biggest MFI in India’s financial capital, in terms of number of branches. Spiralling growth in existing work areas… |
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Customer care reversed: How many times do you hear of customers celebrating their association with an organisation? Yet, this is exactly what happened when customers organised a get together for Ujjivan staff…
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Let there be light – Social impact study on a blind couple: Micro loan from Ujjivan helps Devi Sharan and Krishna Devi to run their petty shop business and become independent |
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Education Loan Interest Refund update: 1358 young student beneficiaries thanks to NGO Parinaam. `950,600 worth of interest has been refunded to 1192 Ujjivan education loan customers in just 20 branches. More details |
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Have you visited Parinaam’s new-look ? You can now also get the latest on Parinaam’s initiatives and events as it happens on . For a detailed update on activities in August read the . |
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Business
Results |
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of August 31, 2010: |
•
Customers
• Borrowers
• No. of States and UTs
• No. of Branches
• Loans Disbursed
• Loans Outstanding
• Repayment
Rate*
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824,234
717,540
19
316
Rs. 14,268 Million
Rs. 6,265 Million
98.96%
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| During
August: |
• New Customers
•
No. of Loans Disbursed |
51,259
132,329
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| Human
Resources |
• Current Employees
• Trainees/Probationaries
• Total Employees |
2431
1299
3730 |
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* The repayment rate is calculated as the total amount repaid less prepayments received divided by the total amount due of the total loan portfolio outstanding as of the date |
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# New customers only indicates the number of new entrants into the Ujjivan system and does not account for customers who may have dropped out during the month |
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Milestones |
4,000
customers
Gobechettipalyam
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Faridabad
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3,000
customers
Salem Suramangalam
Erode Kaveri
Arcot
Chembur
2,000
customers
Sundarapuram
Katraj
Nasik City
1,000
customers
Bodinayakanur
Periyakulam
Rasipuram |
Tiruchengode
Komarapalyam
Jaipur Raja Park
Kalyan
Thane
Palwal
Firozabad |
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