annual report 2011 - dhan foundationannual report 2011 1 institution kdfs is a development financial...

Kalanjiam Development Financial ServicesBridging the gap in financial services to the SHGs

Annual Report 2011

Annual Report 2011 1

Institution

KDFS is a development financial institution set up by the DHAN Foundation in September 2001 under the Sec. 25 of the Companies Act 1956. It is a registered legal entity to serve the poor on “Not-for-profit” basis. Presently DHAN Kalanjiam Foundation, DHAN Vayalagam Tank Foundation, Rainfed Agriculture, Coastal Conservation and Livelihood Programme and other NGO, SHGs are its members.

Main Objectives y To provide credit facilities to poor individuals

joined together, based on the concept of mutuality called “Self Help Concept”.

y To facilitate and liase with governments, resource institutions etc., for establishing financial and other linkages.

y To promote, develop, finance rural and urban industries in all fields of benefit and interest to the poor.

y To provide services of training, capacity building, capacity assessment, evaluation of self help groups, federations and other organizations.

y To provide non returnable grants in cash and/or in kind as start up funds, activity grants, corpus or otherwise.

y To assist rural, tribal and urban development and relief for poor by all conceivable means.

Governance

KDFS is a unique institution governed by poor people. Therefore, it is called “People Institution”. The Board of Directors consists of twelve persons of whom 4 are People Leaders and the remaining 8 are eminent Development Workers having adequate experience and working knowledge in the field of Micro Finance and the Board members govern the institution.

Purpose of Credit programme y The delay in the sanction of loans from

the mainstream financial institutions and commercial Banks is being compensated by the timely assistance from the Company to Bridge the gap.

y Wherever there is no commercial bank in the place of operation of the locations, it is acting as

a financial linkage institution to meet the needs of the poor.

y It is also functioning as a Development Financial Institution by providing financial support to SHGs to meet the credit demand such as:

{ Education

{ Health

{ Drinking Water Connection

{ House Electrification

{ Redemption of Outside Debts

{ Income generation activities – Small Business, Dairy, Goat & Sheep rearing

{ Agriculture loans such as seed & fertilizer purchase, ploughing machine, Bullocks etc.

Resource Mobilization

KDFS started its initial operation with active support of ABN AMRO Bank. It mobilized the required resource from Apex financial institutions such as National Bank for Agriculture and Rural Development (NABARD), Small Industries Development Bank of India (SIDBI), Rabo India Finance (P) Ltd., Rabo Bank Foundation, ADFT Ltd. (NABARD) and Commercial Banks such as Canara Bank, Bank of India, Corporation Bank, Vijaya Bank, Union Bank of India, Indian Bank, HDFC Bank etc., in bulk and disburse them to the SHGs. The assistance from SIDBI by way of SHG loans and grant is highly remarkable. With the required resources, KDFS provides the “bridging the gap” facility to the Self Help Groups. The quantum of finance is restricted to the extent of Rs.250000/- for micro finance purposes and Rs.400000/- for dwelling purpose per group. Dwelling purpose includes components like repairs and renewals to the existing house, providing electricity, sanitation and drinking water facility, etc.


These Banks and Financial Institutions help KDFS to fulfill its development objectives on continuous basis, for which we are thankfully acknowledging them with gratitude.

Area of operation

KDFS is operating in 12 states such as Tamil Nadu, Andhra Pradesh, Karnataka, Kerala, Orissa, Rajasthan, Madhya Pradesh, Maharashtra, Assam, Jharkand, Bihar and Pondicherry networking with Kalanjiam Foundation and DHAN Vayalagam (Tank) Foundation of DHAN Foundation and also SRTT partner NGOs like IBTADA, Aravali, Srijan etc., in the state of Rajastan.

Values

It provides economically viable and flexible financial services to the poor. To accomplish this, the Institution having,

y Highly stpecialized software

y Good governance practices

y Focus on development finance

y Building capacity and empowerment of people

y Propagating good values and governance system to people

Customers

The poor people formed in Self Help group pattern i.e. the people in groups should practice the concept of mutuality among themselves.


Our Board


Kalanjiam Development Financial Services

BANKERS ABN Amro Bank, HyderabadNational Bank for Agriculture and Rural Development (NABARD)Small Industries Development Bank of India (SIDBI)HDFC Bank, CoimbatoreAgri Development Finance (TN) Ltd., (NABARD)Rabo Bank Foundation, The NetherlandsAndhra Bank, South Masi Street, MaduraiBank of India, East Avani Moola Street, MaduraiBank of Baroda, East Avani Moola Street, MaduraiCanara Bank, Town Hall Road, MaduraiCanara Bank, West Avani Moola Street Branch, MaduraiCentral Bank of India, Ellis Nagar, MaduraiCorporation Bank, West Masi Street, MaduraiICICI Bank Ltd, Kochadai, MaduraiIndian Bank, Gnanaolivupuram, MaduraiIndian Bank, Microsate Branch, MaduraiIndian Overseas Bank, North Vadambokki Street, MaduraiPandyan Grama Bank, Arasaradi, MaduraiPunjab National Bank, West Masi Street, MaduraiState Bank of Hyderabad, MaduraiState Bank of India, Arasaradi, Madurai State Bank of India, Sailana, Madhya PradeshState Bank of Mysore, North Veli Street, Madurai Union Bank of India, Town Hall Road, MaduraiUnion Bank of India, South Masi Street, Madurai.Vijaya Bank, West Masi Street Branch, Madurai

AUDITORS Messrs Maharaj N.R Suresh & Co., Chartered AccountantsChennai

REGISTERED OFFICE 21, Pillaiyar Kovil Street,

S.S Colony,

Madurai – 625 016

CORPORATE OFFICE 23, Pillaiyar Kovil Street,S.S Colony, Madurai – 625 016

Notice to Members

Directors’ report

Auditors’ report

Financial statements

Experience in Development Finance

Financial status

Highlights

Contents

6

8

12

14

25

28

29


Notice is hereby given that the Tenth Annual General Meeting of the Members of the Company will be held at Tamukkam Grounds, Tallakulam, Madurai – 625 002 on 17th day the September 2011 (Saturday) at 10.00 A.M. to transact the following business:

Ordinary Business:1. To consider and adopt the Income and

Expenditure account for the year ended 31st March 2011 and the Balance Sheet as on that date and the Report of the Directors and Auditors thereon.

2. To appoint a director in place of Smt.P.Chinnapillai who retires at this meeting and being eligible, offers herself for reappointment.

3. To appoint a director in place of Smt.V.K.Padmavathy who retires at this meeting and being eligible, offers herself for reappointment.

4. To appoint a director in place of Sri.M.Kalyanasundaram who retires at this meeting and being eligible, offers himself for reappointment.

5. To appoint Dr.R.Bhaskaran, Additional Director as a director who offers himself for appointment.

6. To appoint Smt. B.Sivarani, Additional Director as a director who offers herself for appointment.

7. To appoint Sri. M.Karthikeyan, Additional Director as a director who offers himself for appointment.

8. To appoint Sri. S.Sethurasan, Additional Director as a director who offers himself for appointment.

9. To accept resignation of Smt.A.Umarani, Director at this meeting who expressed her inability to continue as director.

10. To accept resignation of Smt.K.Vellaiammal, Director at this meeting who expressed her inability to continue as director.

11. To appoint auditors and fix their remuneration and for this to consider and if thought fit to pass with or without modification(s), the following resolution as an ordinary resolution:

“RESOLVED THAT the retiring auditors M/s Maharaj N.R.Suresh & Co., Chartered Accountants, Chennai, be and are hereby appointed as Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of the Next Annual General Meeting of the Company on such remuneration as may be fixed by the Board of Directors”.

Place : Madurai By order of the Board of Directors

Date : 23/07/2011 Sd/-Chairperson

Notes:

1.0 A member entitled to attend and vote at the meeting is entitled to appoint proxy to attend and vote instead of him (/her) self and the proxy need not be a member. The instrument appointing proxy should however be deposited at the registered office of the company not less than forty-eight hours before the commencement of the meeting.

2.0 The register of members of the company is open for inspection by members as per provisions of the Company on any working day between 10.00 a.m. to 12.00 Noon.

Place : Madurai By order of the Board of Directors

Date : 23/07/2011 Sd/-Chairperson


NOTICE



PROXY

Membership Number: ___________

I/We ______________________ of _______________ being a member of Kalanjiam Development Financial

Services hereby appoint _________________ of ________________ as my/our proxy to attend and vote for me/

us and on my/our behalf at the Tenth Annual General Meeting of the Company, to be held on 17th September

2011 (Saturday) and or at any adjournment thereof. As witness my/our hand(s) this _____________ day of

____________ 2011.

Signed by the said __________________

The Proxy in order to be effective should be duly stamped, completed and signed and must be deposited at the

registered office of the Company not less than 48 hours before the time for holding the aforesaid meeting. The

Proxy need not be a member of the Company.

Affix Rs.1/-

Revenue Stamp


Directors’ Report 2010 – 11Your directors are extremely happy to place before you the Tenth Annual Report of the Company.

01. Financial Resources during the year 2010 - 11

The year 2010–11 had witnessed increase in resource mobilization efforts. The resources raised as on 31st March 2011 has gone up from Rs. 3362.48 lacs to Rs.3597.48 lacs. The resources raised from various financial institutions over the years are furnished hereunder for your information.

(Rs. in lakhs)

Sl. No

Name of institutionsAmount

sanctioned

Amount available for utilization

Outstanding as on 31.03.2011

1National Bank for Agriculture and Rural Development, Chennai

100.00 - -

2

Small Industries Development Bank of India, Chennai - - -

i) Transformation loan 100.00 - -

ii)Term loan for micro credit 500.00 - -

3 ABN Amro Bank, Chennai 300.00 - -

4 HDFC Ltd., Coimbatore 100.00 - -

5 Rabo India Finance Ltd., 88.00 - -

6 Canara Bank, Madurai 300.00 300.00 111.05

7 Bank of India, Madurai 700.00 700.00 694.32

8 Corporation Bank, Madurai 100.00 100.00 100.00

9 Vijaya Bank, Madurai 200.00 200.00 191.62

10 Union Bank of India, Madurai 300.00 300.00 291.23

11 Rabo Bank Foundation, The Netherlands 131.48 102.68 102.68

12 ADFT – (NABARD) 178.00 121.84 121.84

13 NABARD-UPNRM 200.00 112.50 112.50

14 Indian Bank 300.00 243.75 243.75

Total 3597.48 2180.77 1968.99

However, the net liability to banks and financial institutions stood at Rs.1968.99 lacs due to the efficient management of finance taking into consideration the avenues for deployment.


During the year, the Company has availed new loans from Agriculture Development Finance (Tamil Nadu) Ltd., (ADFT), NABARD under UPNRM project and Bank of India. During the year, the Company has disbursed 2432 loans amounting to Rs.2117.29 lacs. In terms of availability versus utilisation of funds it is 90.29%. In the years to come, the utilization level is expected to be 100% keeping in mind the surging demand from SHGs. We have to place on record our sincere thanks to the DHAN Foundation, Kalanjiam Foundation and its Regions, Vayalagam Foundation and its Regions, Rainfed Agriculture programme, CALL programme, Other NGOs, their professionals, support staff and local associates of various SHGs and federations and SHG Members for their splendid support and whole hearted cooperation and guidance in making the Company to sustain during the financial year under review.

02. Financial Results

The Company has completed ten successful years of operations as on 31stMarch, 2011. Your Company’s operational and financial results for the year 2010 – 11 along with 2009-10 are furnished as under.

(in lakhs)

Particulars 2010-11 2009-10

Gross operating income 282.08 200.91

Gross operating expenditure 257.12 191.98

Gross operating margin 24.96 8.93

Less: Provisions for depreciation 0.27 0.19

Less: Loan loss Provision 21.18 23.46

Add: Loan loss Provision recovered 8.54 33.81

Net surplus 12.05 19.09

Number of Members (Cumulative) 16394 14938

Even though the gross operating income increased from Rs.200.91 lacs to Rs.282.08 lacs during the year, the net surplus generated is Rs.12.05 lacs due to hike in interest rates by lending banks frequently during the year. The Company has adopted mandatory RBI provisioning policy for classification of loan into Standard, Sub-standard and Doubtful & loss. Further, that the Company could recover Rs.8.54 lacs from earlier loan losses, for which the Company is thankful to community and staff for their efforts and co-operation.

03. Disbursement

The purpose wise loan distribution is as follows (in lakhs)

PurposeFinancial year 2010-11 Cumulative upto March 2011

No. of loans Amount No. of loans Amount

Loans for micro finance 2293 1858.34 21971 9618.84

Loans for dwelling 21 15.85 1718 975.88

Revolving online credit (ROC) 118 243.10 362 720.07

Total 2432 2117.29 24051 11314.79


The Company is concentrating on two main areas viz., Micro finance and Housing. The Micro finance encompasses all sorts of assistance for consumption, debt redemption, agriculture and allied activities as well as special needs such as education, health, drinking water connection, sanitation, house leasing, land leasing, crop loans etc. The Company is planning to expand its housing and allied loans and also new products for meeting the basic requirements in the years to come.

04. Software

The Company is presently supporting 166 locations spread over 12 states. Considering the Company’s expansion through branches in Southern and Northern States, the number of States and locations the business of the company will increase in the near future. In that event, there is a necessity to relook the compatability of the software. The Company will embark on necessary changes in the software, keeping in mind the future requirements.

05. NABARD-UPNRM project

A joint proposal submitted to NABARD under UPNRM by KDFS and DHAN Vayalagam (Tank) Foundation [DV(T)F] was sanctioned on 07.10.2009 for Rs.200 lacs with a grant support of Rs.27.00 lacs. KDFS availed Rs.150 lacs as as on 31.03.2011 and disbursed Rs. 134.00 lakhs. NABARD issued specific guidelines for the project and accordingly the loan was disbursed to Groups of 10 Vayalagam Federations. Also the loan is given based on the assessment and recommendation of Vayalagam Federation Executive Committee and the same is scrutinized and re-assessed by Vayalagam Programme and the recommendation for the loan sanction is forwarded to KDFS. This a is new project to KDFS as well as DV(T)F and hopes to get success in the coming year.

06. Financial assistance to SHGs promoted by other NGOs

Your directors are happy to state that your Company has not only provided financial assistance to the members of SHGs & MFGs promoted by

DHAN Foundation/Kalanjiam Foundation to come out of their financial strain but also extended the same to the members of SHGs promoted by other well known NGOs. The company has started extending financial assistance to other reputed NGO groups in Rajasthan, with the initiation of SRTT. During the year, the Company has disbursed Rs.77.78 lacs to other NGO groups. Totally, we have disbursed Rs. 255.77 lacs to 318 groups and the present outstanding balance is Rs. 92.49 lacs.

07. New products under development finance

The Company is continuing to innovate products such as house leasing, education, health, business development, electricity facility, Gas connection, land leasing, crop loans, ploughing machines, fishing materials and bullocks. Many locations / Groups were benefited because of these products. The extension of loans under development finance also continued this year. The software has been suitably programmed to display and retrieve this information with specifics.

08. Revolving online credit (ROC)

The Company launched Revolving online credit (ROC) loan product during the year. There is very good response from the locations for the product. During the year KDFS has disbursed Rs.243.10 lacs as ROC to 118 groups and the Company has planned to disburse Rs.500.00 lacs in the next year 2011-12.

09. Expansion plan

Having completed ten years of operations, the performance of the Company is well understood by People. The focus of the Company in the coming years will be to spread its reach to Remote, Most Backward Regions and also devising and implementing attractive development products. Your Company is planning to reach an outstanding portfolio of Rs.30.00 crores by the end of next financial year (2011-12). To achieve this target, the Company is planning to set up branches at Northern States, say Madhya Pradesh, Orissa


and Rajasthan as there exists a vast scope. The borrowing interest rate is not comfortable and it is causing concern to the Company since some banks have started increasing the interest rates unilaterlly. The Company is confident of a breakthrough with the support of reputed donor agencies and Apex Financial Institutions. Our commitment to serve the poor is always in mind and action, and we are sure that with the cooperation of one and all and with the guidance of eminent Directors, we are confident of fulfilling not only our desire to serve the poor but also see a change in their way of life.

10. Auditors

The Auditors, M/s. Maharaj N.R.Suresh & C0., Chartered Accountants, Chennai, will retire at the forthcoming Annual General Meeting. They, being eligible, offer themselves for reappointment as auditors for the year 2011-12.

11. Directors Responsibility Statement (Pursuant to Section 217(2AA) of the Companies Act, 1956)

The Directors confirm:

i) That in the preparation of the annual accounts, the applicable accounting standards had been followed along with proper explanation relating to material departures, if any.

ii) That the directors have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the Company as at March 31, 2011 and the excess of income over expenditure of the Company for that period ended on that date.

iii) That the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the

assets of the Company and for preventing and detecting fraud and other irregularities and

iv) That the directors have prepared the Annual accounts on a going concern basis.

12. Acknowledgements

The Board wishes to record their gratitude to Novib Foundation, Netherlands, who is instrumental in bringing the existence of the Company and to DHAN Foundation, our parent institution, for their constant advice in operationalising the Company’s activities.

The Board acknowledges the valuable and timely advice, guidance and support received from various individuals, organizations, officials of Reserve bank of India (RBI), Company Law Board (CLB), Registrar of Companies (ROC), Income Tax authorities, National Bank for Agriculture and Rural Development (NABARD), Small Industries Development Bank of India (SIDBI), Rabo India finance Ltd., ABN Amro bank, Rabo Bank Foundation, ADFT (NABARD), Canara Bank, Bank of India, Corporation Bank, ICICI Bank Limited, Indian Bank, Indian Overseas Bank, Pandyan Grama Bank, State Bank of Hyderabad, State Bank of India, Union Bank of India, State Bank of Mysore, Vijaya Bank, Central Bank of India, Punjab National Bank, HDFC Ltd., etc., our Auditors and others, in our endeavours.

The Board places on record the deep appreciation of valuable contribution from the staff at all levels during the period under report and look forward to their co-operation in realising the Company’s vision in the years to come.

Place: Madurai

Date : 23.07.2011

For and on behalf of the Board of Directors Sd/-

Chairperson


Experience in Development Finance during the year 2010-11

Apart from the regular Micro Finance and Dwelling loans, KDFS provides loans for development purposes also. Some of our experiences furnished below.

Borigumma: Borigumma is a backward block in Koraput district, Orissa and mostly dominated by SC and ST community consisting of 65% (15% and50% respectively). Out of this, 88 percentage of family come under BPL category. These people are living in remote places, scattered villages and they are depending on agricultural activities, mostly rainfed farming. They depend on moneylenders because, accessing formal financial institutions is very difficult for these poor tribes, since they are unable to produce the required documents. In the initial days, we faced lot of problem even for opening bank accounts, even in public sector banks. After so many interactions with the bank managers, they were convinced for opening bank accounts but not for linkage. Even the workshop

was conducted for bank managers with branch level staff and regional level staff but they were reluctant to sanction loan to the groups. Hence, the groups approached KDFS in 2007 for linking 46 of their Kalanjiam groups. Due to regular repayment and good monitoring, the Branch Manager and Field Officer were convinced and agreed for linking the Kalanjiam groups. Out of 326 groups, 157 (nearly 50%) groups were linked with KDFS and having loan outstanding of Rs. 34.99 lakhs and the rest of the groups were linked with public sector banks. People got loan in time through KDFS and due to the impact of KDFS linkage, there were drastic changes in their life.

Bajna: Bajna block of Ratlam district in Madhya Pradesh is a tribal block of the district where the Bhil tribes are settled. The main occupation of the area is Agriculture and most of them are agriculture labourers. These tribals are having access to informal credit at 120% interest rate per annum. The expense on unproductive social obligation like Notra is huge among them.

The block is having only one nationalized bank and the location experienced difficulties in getting financial assistance. Hence, this location approached KDFS in 2008 for first time and availed Micro Finance loan to the tune of Rs. 4.50 Lakhs for 22 SHG’s and within one year, the SHG’s repaid the loans with interest to KDFS. In the second year, 98 SHG’s approached KDFS and availed around RS. 23 Lakhs from KDFS which was also repaid to

Linkage appraisal of Sri Gangaram Kalanjiam for KDFS linkage


KDFS within the stipulated repayment period and availed third loan of Rs. 43.40 Lakhs. At present, 129 SHG’s availed loan to the tune of Rs.70.90 lakhs from KDFS. The loan availed from KDFS helped the community to run their agriculture activities in a better manner by going for purchase of agriculture inputs and goats, fisheries, grinding meal etc., They also spent on hospitalization, education of the children etc.,.

The community of the area were able to reduce their stress of borrowing the loan from the money lender and able to get formal credit from the bank. Due to KDFS linkage, the community is able to get access to bank. Especially, the women members who have never gone to the bank, could get loans now because of KDFS intervention. Presently, the Bank Mangers are convinced to link few SHG’s under SHG Bank Linkage programme.

Kolar: The Kolar tank location is drought prone area in Karnataka and the people depend on rain fed and tank fed agriculture. As the rainfall is very low, people have gone for dairy as one of the alternative livelihood. The people depend on financial institutions and money lenders. They have taken loans from the money lenders at a higher rate of interest.

They approached KDFS for financial assistance in the year 2008–09 and so far, they have borrowed loans to tune of Rs.79.00 lakhs and linked more than 60 groups. The response from the people is very good and they feel very happy with KDFS linkage. They also approached Banks but bankers do not come forward to link their men groups. Hence, they have approached KDFS for financial assistance.

Presently they are closely associated with KDFS and it is the only source of finance for their location.

Kushalgarh: Kushalgarh is one of the tribal blocks of the Banswara district in Rajasthan. The location was promoted with the objective of poverty reduction and providing sustainable livelihood for the tribal families in this area.

In the initial days, group members availed loans from their own savings in the group for meeting their consumption and other small needs. After a year, the need of the members was more and they approached banks for their requirement of finance. But, the banks have expressed their inability to support these groups. Hence, they approached KDFS for getting financial support for meeting the full credit needs of the members. The first linkage with KDFS is for 42 Kalanjiams in the year 2010-2011 to the tune of Rs.10.67 lakhs for their consumption and agricultural needs. The repayment of this loan was made within the stipulated period and they again availed to the tune of Rs.21.51 lakhs.

Their dependency on the money lenders was reduced and the community is able to get linkage on time from KDFS for purchase of agricultural inputs and equipments, cows and goats and also for construction of house by some of the of members.

Natural Resources Management Loans to Vayalagam Groups.

A joint proposal submitted to NABARD under the Umbrella Programme for Natural Resources Management (UPNRM) by KDFS and DHAN Vayalagam (Tank) Foundation [DV(T)F] was

Loan disbursement in the group meeting

Linkage Orientation


sanctioned on 07.10.2009 for Rs.200 lacs with a grant support of Rs.27.00 lacs. KDFS availed Rs.134 lacs during the year and disbursed to groups. The loan was disbursed to different groups in ten Vayalagam Federations. Also, the loan is given based on the assessment and recommendation by Vayalagam Federation Executive Committee. It was scrutinized and re-assessed by DV(T)F and the recommendation for the loan sanction was forwarded to KDFS. This is a new project to KDFS as well as DV(T)F and plan to complete within September 2011. The list of activities under Natural Resources Management are detailed below.

1. Tank Silt Application

2. Land Development in Tank Catchment and Command Area

3. Land Development with Orchards

4. Community Well Deepening (6-8 feet)

5. Seed Development in Tank Ayacut and marketing

6. Herbal plant cultivation

7. Fish Rearing in Tanks, Ponds

8. Farm Ponds about 500 m3/pond

9. Pest free Chilli promotion

10. Community Nursery

Project experience in Chittoor Region: Chittoor district is one of the most drought prone districts in Rayalaseema region of Andhra Pradesh with livelihoods for the majority of the communities being agriculture and dairy. Since there are no perennial rivers, most of the farming community depends on rain water (through tank irrigation) followed by open and tube wells. As on March 2011, Chittoor Region is working in 303 villages and has promoted 179 Vayalagams (village level user groups), 380 Micro Finance Groups (among vayalagam members) and 22 cascade/watershed associations.

Among various issues in agriculture, timely availability of credit was one of them in this area, The locations in the region tried to facilitate linkage with local banks. Since this kind of groups are new, banks have not shown positive response. To demonstrate that these groups are efficient and effective in repayment, the region approached ‘Kalanjiam Development Financial Services’ (KDFS). As on March 2011, Chittoor region availed loan to tune of Rs.363.40 lakhs for 356 Micro Finance Groups (MFGs). Farmers are very happy with KDFS and its products like land development, nursery promotion etc., which was supported by KDFS under UPNRM of NABARD.

Now bankers understand that these groups are potential for lending and come forward to provide financial assistance to the Groups in the region and infact NABARD is ready to provide bulk lending to the locations under Chittoor region.

Land development initiative

Tank silt application Nursery development


Financial Status

Particulars 2010-11 2009-10 2008 - 09 2007 - 08 2006 - 07 2005 – 06

Number of members (SHGS enrolled – Cumulative)

16394 14938 13174 12057 11161 9574

KCBP 13504 12925 11653 10788 10129 8784

Tank 1376 1236 1054 878 752 635

Rain fed Agriculture 276 198 138 109 90 56

Tsunami 785 190 166 119 44 6

Other NGOs 453 389 163 163 146 93

Resource Mobilization (Rs. in Lakhs)

Number of banks / financial institutions

14 14 11 7 7 7

Amount Sanctioned 3597.48 3362.48 2638.00 1788.00 1738.00 1588.00

Available limit 2180.77 2153.50 1651.40 968.00 1244.60 1411.20

Outstanding liability 1968.99 2097.51 1635.54 838.87 1108.43 1136.22

Operating results (Rs. in Lakhs)

Number of Loans disbursed 2432 2612 1715 1751 2999 3351

Amount of Loan disbursed 2117.29 2138.59 1545.76 770.35 1093.07 1136.84

Loan outstanding with members 2051.45 2005.13 1562.20 849.54 1067.55 1016.54

Reserve & Surplus 86.98 69.99 50.90 30.46 20.46 14.73


Highlights

Loan Disbursement (Rs. in lakhs)

Registered Office

21, Pillaiyar Koil Street

S.S. Colony, Madurai - 625 016.

Tamil Nadu, INDIA

Tel: +91-452-2610794

Fax: +91-452-2602247

Corporate Office

23, Pillaiyar Koil Street

S.S. Colony, Madurai - 625 016.

Tamil Nadu, INDIA

Tel: +91-452-2301102, 6505978

Email: [email protected]

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