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Ujjivan responds to the WSJ article on Microfinance. The Wall Street Journal published an article “”, which speaks about Microfinance in Ramanagaram, India. Ujjivan CEO, Samit Ghosh, who has been quoted in the article, responded through an open letter. |
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Vijay Mahajan, Chairman of BASIX and a member of Ujjivan’s Advisory Board writes on the state of the Indian Microfinance industry, “”, for Microfinance Insights, a bi-monthly publication |
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| Independence Day was celebrated with great fervor and fanfare at the Ujjivan Regional Office in Kolkata. Ujjivan employees were at their colourful best. |
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| The Ujjivan team participated in the Urban Stampede ‘09, a 20km relay race, at Bangalore. |
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Leadership Spotlight
This month’s featured leader is Gautam Gan, Chief Operating Officer of the East region and Head – Individual Business Lending (IBL)
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Parinaam
Foundation,
Providing Microfinance Plus
Services |
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In August, Parinaam conducted two eye/ENT/dental camps in Gouribidanur & Tiptur (Karnataka) and one eye camp in Garcha(West Bengal). In the eye camps, doctors saw 583 patients, prescribed 171 glasses, referred 38 patients for cataract surgery and 59 for further consultation.
ENT doctors saw 279 patients and referred 74 for further consultation. Parinaam’s dental partners saw 161 patients.
Unnati Vocational Training : 13 candidates selected for free vocational Training. |
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Business
Results |
As
of August 31, 2009:
•
Customers
• Borrowers
• No. of States
• No. of Branches
• Loans Disbursed
• Loans Outstanding
• Repayment
Rate*
• Customers
with Life
Insurance
Coverage |
448,677
402,321
12
190
Rs. 5,298 Million
Rs. 2,955 Million
98.91%
395,982
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| During
August: |
• New Customers
•
No. Loans Disbursed
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36,231
69,348
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| Human
Resources |
• Current Employee
Strength
• Interns/Trainees/Probation
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TOTAL |
1,535
808
2,343 |
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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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Milestones |
3,000
customers
Bharatpur
Pune North
Pune South Samantarapur Chintamani
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Pune East
Belgaum
Bhadravathi
Halisahar
Vaniyambadi |
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2,000
customers
Wazirpur
Faridabad
Sawai Madhopur
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Meerut
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1,000
customers
Kishan Garh Vellore Fort
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Gudiyatham
Puri |
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| This
monthly update is meant for Ujjivan
stakeholders and friends. We request
you to use your discretion in
sharing it with colleagues, friends
and others. |
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