Disha India

Micro Credit

Overview

Disha Microfinance program is an offshoot of Disha Social Organization which has been started with the objective of economic empowerment and financial inclusion of poor and low income people in the villages. The numbers of groups in the community have increased and the demand for credit is on a rise. The Nationalized banks have definitely made an entry in the rural markets, yet there is a huge discrepancy between what is decided at their policy level and what is implemented at the grassroots. We at Disha realized that through our SHGs, a chain of economic development has set in, and unless the demand for credit is met timely, this chain will not be able to sustain. Hence Disha Launched its Microfinance programme in June’2006 with its own small fund of Rs. 2 Lacs.

While experimenting with this small amount for a period of 8 months, we also initiated dialogue with Banks and Financial Institutions for raising fund. The personnel from the Bank appreciated the strong bond that Disha shares with the community and the large number of highly aware, empowered and competent Self-Help-Groups that Disha has formed in the community. ABN AMRO Foundation India took over thereafter for Technical Assistance and Capacity building of the Organization while it ventures into the specialized field of Microfinance.

Meanwhile many financial instructions associates with like HDFC Bank, HSBC bank, SIDBI, FWWB, Ananya Finance, Punjab National Bank, Nabard, Indian Gramin Services, Reliance commercial, Kanika Investment Limited and Samunnati Financial Intermediation & Services Pvt. Ltd.  . They give us loan for on-lending to poor people and we finance the loan and pay timely to the funders. But the amount of finance is much lower than the preparations and the size of the organization. To fulfill the gap the company have continuously try for new contacts. In the year 2012-13 Yes bank and in the year 2017-18 Arohan Financial Services Ltd & year 2021-22 Avanti Finance P Ltd is introduced in the company under business correspondent model. In the year 2020-21 we could finance 3,253.08 lacs among our groups and clients. And the total outstanding of managed fund as on 31/03/2021 was 3,212.08.00 lacs.

Data as on 30th Sept’2021

Total Membership: No.4,617 in SHG and JLG
Active Borrower Base: No. 16,212
Total loan disbursed (Cumulative): Rs. 4,324,280,500/-
Own Outstanding portfolio: Rs. 61,581,616/-
Manage Portfolio of Yes Bank (BC Model): Rs. 62,345,195/-
Manage Portfolio of Arohan(BC Model): Rs. 199,422,818/-
Manage Portfolio of Avanti(BC Model) : Rs. 2,270,000/-
Total Portfolio: Rs. 325,619,629/-