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Microfinance Institutions Network (MFIN) launched in Mumbai on March 9th, with the mission of being ‘the engine for inclusive growth’ |
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Ujjivan reduces interest rates on the Business & Combo Loans from 1st April 2010 and in a joint program with Parinaam Foundation, makes 6400 Education Loans ‘interest free’. |
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Ujjivan adopts Fair Practice Code for Customers. |
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Ujjivan Identity Card comes to a customer’s aid at the time of a crisis – helps her get medical assistance. |
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The Livestock Loan - Ujjivan’s first product with a specific focus on semi-urban livelihoods marked its entry into the south. |
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Ujjivan lost a valuable family member in Mr. K. Thangadurai, CRS, Salem Suramangalam branch. |
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The Ujjivan marketing team met in Bangalore for a 3-day program with brainstorming sessions to outdoor team building activities |
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Parinaam
Foundation,
Providing Microfinance Plus
Services |
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| ‘Interest free’ Education Loan |
Target |
Achieved
(as on 1st March,2010) |
Difference |
Fundraising
(in Rs. Million) |
5 |
1.5 |
3.5 |
| Students* |
6,400 |
1,935 |
4465 |
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| * No. of students who could be helped with the corresponding amount of funds. |
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| YOU can help reach out to the 4465 poor students and give their families a path out of poverty. |
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In February, Parinaam conducted 2 Eye/ ENT/Dental camp in Karnataka and an Eye camp in Pune, covering 946 students.
Parinaam has facilitated the enrollment of 2 candidates for Vocational training at Unnati, Bangalore. |
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Business
Results |
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| As
of February 28, 2010: |
•
Customers
• Borrowers
• No. of States
• No. of Branches
• Loans Disbursed
• Loans Outstanding
• Repayment
Rate*
• Customers
with Life
Insurance
Coverage |
618,566
545,815
13
227
Rs. 8,526 Million
Rs. 3,802 Million
98.98%
532,400 |
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| During
February: |
• New Customers
•
No. Loans Disbursed |
38,073
75,849
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| Human
Resources |
• Current Employee
Strength
• Interns/Trainees/Probation
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TOTAL |
2,057
670
2,727 |
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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 |
4,000
customers
Srirampur Halisahar
North Hubli Krishnagiri
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Subhashgram
Old Hubli
Dharmapuri
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3,000
customers
Faridabad
Bagnan
2,000
customers
Dehradun CP
Purulia
Bolpur
Lalganj
Rourkela
Bhavani Tiruvannamali
1,000
customers
Bailhongal
Kharagpur
CO-Sundarapuram |
Nangloi
Arambagh
Chas
Jharia
Gandhi Maidan
Fulwari Shariff
Vellore Fort
Midnapur
MDDM College
CO-Singanallur |
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