NDFS - Micro
Finance
NDFS offers Micro Finance Services
to rural poor communities by organizing them into Self Help
Groups (Surabhis). It promotes peoples organizations by networking
SHGs in the villages, through which micro Finance Programme
is managed. People’s organizations are owned managed
and controlled by rural women. NDFS coordinates with banks
and financial institutions to mobilize resources in order
to on lend to members.
The program reach for the last three years is provided in
the following table.
OUTREACH:
S.No. |
Particulars |
Year |
2003-04 |
2004-05 |
2005-06 |
1. |
Districts Covered |
4 |
5 |
5 |
2. |
Blocks Covered |
9 |
11 |
11 |
3. |
Villages Covered |
145 |
151 |
168 |
4. |
Surabhi Promoted |
856 |
1040 |
1206 |
5. |
Members (Women) |
16,144 |
19,273 |
21,832 |
NDFS has both savings and credit products
in its product portfolio. These products are briefly explained
below.
SAVINGS:
Surabhis promoted by
the NDFS conduct monthly meetings to make their transactions.
Each member of the surabhi makes regular savings in the group.
Presently the amount varies from Rs.50 to Rs.100 per month.
This amount is kept at the surabhi level, surabhi uses this
amount for internal lending in case of contingencies and emergency
purposes. This savings is meant to satisfy the long- term
needs of the members. Surabhi members decide on ways and means
to utilize the amount productively in the long term. Member’s
savings helps the group to leverage credit from commercial
banks and NDFS.
CREDIT
This financial year,
the major focus of the organization was on promoting income
generation activities to the members. Hence, NDFS provided
loans only to income generation activities and SHEPHERD complemented
through its products on health and education by providing
a credit window on these areas. IGP loans vary from Rs.5,
000 to Rs.15, 000/per member This amount repaid by the members
inflexible installments. NDFS charging 12% interest and 6%
Credit Delivery Charge (CDC) on reducing balances.
PORTFOLIO MANAGEMENT:
Series |
Particulars |
Year 2003-04
|
Year 2004-05
|
Year 2005-06
|
Surabhi |
% |
Surabhi |
% |
Surabhi |
% |
1. |
Ontime Repayment (%) |
206 |
98.56 |
301 |
98.66 |
404 |
98.20 |
2. |
Cumulative Repayment (%) |
206 |
98.90 |
301 |
99.87 |
404 |
99.82 |
PARTNERSHIP:
SHEPHERD
mobilizes resources from various banks and apex financial
institutions. The following
Resource Mobilization by NDFS (Rs. In Lakhs)
S.No. |
Banks / Financial Institution |
Year 2003-04
|
Year 2003-04
|
Year 2003-04
|
1. |
FWWB |
50 |
- |
20 |
2. |
RMK |
10 |
50 |
- |
3. |
UTI |
40 |
- |
75 |
4. |
CB |
- |
50 |
- |
5. |
SIDBI |
20 |
50 |
275 |
|
|
|
|
|
|
TOTAL |
120 |
150 |
370 |
|