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Microfinance

Microfinance districts Jan2016Microfinance - the system of formal institutional credit to the viable, but non-bankable poor, is a pertinent tool in achievng financial inclusion of women and their empowerment. The system, which delivers financial credit to poor women through the Joint Liability Group/Self-Help Group system, has proven to be a major catalyst in achieving the goals of financial inclusion of the marginalized communities, by providing unsecured loans to women for engaging in income-generating opportunities.
Humana Microfinance provides loans to women members in impoverished rural regions of India for a range of income-generating activities with the objective of eliminating poverty. 
Humana Microfinance uses the group lending model where poor women guarantee each other’s loans. Borrowers undergo financial literacy training and must pass a test before they are allowed to take out loans. Fortnightly meetings with borrowers follow a highly disciplined approach and timely schedule. Re-payment rates on our collateral-free loans are more than 99% because of this systematic process.
Humana People to People India has started Microfinance as a project in November, 2007 in Bansur block of Alwar district, Rajasthan to enable economic empowerment of rural women. Since then the project has grown into an independent entity impacting more than 1,10,000 women members by disbursing a cumulative loan amount of Rs.268 Cr. with a loan outstanding of Rs 71.7 Cr. till 31st March 2016.

Microfinance
microfinance
microfinance

Humana Microfinance has achieved high growth, both in terms of its client base and portfolio outstanding. As of 31st March 2016, Humana microfinance reached 1,10,000 members (45,234 active clients) who are organized in 10,878 groups in 1212 villages in eighteen districts namely Alwar, Sikar, Jaipur, Churu and Jhunjhunu in Rajasthan, Bareli, Badaun and Hathras, Mathura and Agra in Uttar Pradesh, Mohindergarh, Kurukshetra, Kaithal, Rewari and Gurgaon in Haryana, Haldwani and Udham Singh Nagar in Uttarakhand and Jamshedpur in Jharkhand.  In the course, it has partnered with agencies like Rashtriya Mahila Kosh (RMK), SIDBI, NABARD, Indian Bank, YES Bank, IDBI Bank Ltd, Manaveeya Development and Finance Pvt. Ltd, Indian Grameen Services, Ananya Finance, Reliance Capital and State Bank of India.

Out of the total loan portfolio, nearly 87% is invested in animal husbandry and 13% in small scale business. The loans provided have helped them increase their monthly family income by an average of Rs.1,500 to Rs.2,000. The project has not only helped in income generation but also in gender equality and improved standard of living.

 

Indicators Data (As on 31st March 2016)
No of Villages Covered 1212
No of Groups ( JLG) 10878
No of Members 57,653
No. of Active Borrowers 45,234
Amount of Loan Disbursed (Cumulative) in Rs (Cr) 268
Portfolio at Risk > 30 Days 0.57%
Loan Outstanding in Rs (Cr) 71.7
Repayment rate 99.70%
Average Loan Size in Rs 22,076
   

 

 

 

About HPPI

Humana People to People India is a development organization registered as a not-for-profit company under section 25 of the Companies Act, 1956 as of 21st May 1998. It is a non-political, non-religious organization. Its mission is to unite with people in India in order to create development in the broadest sense through the implementation of the projects that aim at transferring knowledge, skills and capacity to individuals and communities who need assistance to come out of poverty and other dehumanizing conditions.

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Humana People to People India
111/9-Z, Kishangarh, Aruna Asaf Ali Marg,
Vasant Kunj, New Delhi-110070 Tel: 011-4746-2222
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