mf bandhan

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03/09/10 MICROFINANCE 3

Mission and Vision

Mission: To reduce economic and social poverty

significantly through providing clientfocused, quality, cost effective, sustainablefinancial service.

Vision: To be a world-class financial institution

serving 2 million clients by March 2010.

Inspiration

A poverty-free world throughempowerment of the poor


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VALUES

Reflecting in our work and in thebehaviour of each and every teammember, our values CREATE strong

principles in us.

C- Cost effective and sustainable R- Respect for all E- Exemplary governance A- Accountability, professionalism and

discipline T- Transparency and integrity E- Effective team work and commitment


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Introduction

Bandhan was set up to address thedual objective of overtylleviation and omenEmpowerment .

The microfinance activities arecarried on by Bandhan Financial

. . ( ),Services Pvt Ltd BFSPLincorporated under the Companies

,Act 1956 and also registered as a( )Non Banking Financial Company NBFC( ).with the Reserve Bank of India RBI


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Bandhan marked its entry into themicrofinance (MF) world in July2002.

Started with 3 staff (including myself)and 1 branch office in Howrahdistrict in the state of West Bengal.

It had disbursed a total of Rs.3,686.61 crores (737.32 millionUS$) and loan outstanding standsat Rs. 1,079.93 crore (215.99

million US$).


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OrganizationalBackground

Bandhan (meaning togetherness) wasborn in 2001 under the leadership ofMr. Chandra Shekhar Ghosh, a Senior

Ashoka Fellow. The main thrust of Bandhan is to work

with women who are sociallydisadvantaged and economically

exploited, for their social upliftmentand economic emancipation.

With this aim in view, Bandhan ismainly engaged in MF activities with

target women residing in rural and


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Bandhans commitment towardsdouble bottom-line values isstrongly asserted by its

intervention in developmentactivities.

It believes that Microfinance is notthe last word for development ofthe poor.

Aspiring to holistic development ofpoor, Bandhan supports

development activities (health,


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we have set up a separate wing fordevelopment programs and madeintervention in important areas viz.

education, health and the like. The focus during the FY 2009-10 is to

further scale up these programs.


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BANDHAN OUTREACH


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&hairman Managing Director.Mr Chandra Shekhar Ghosh

.Prof Amitava Sanyal .Mr Yogesh Chand Nanda.Mr Vishwanath Prasad Singh.Dr Ajit Kumar Roy


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Bandhan as on Jan 2010

.No of states :15.No of branches : 1024

.No of members :23,26,636

.No of staff : 6,517: .Loan disbursed this month Rs 297Crores

Loan outstanding : .Rs 1,289Crores

: . .Source www bandhanmf com


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Bandhan Performance report onoct-2009


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Development Performancereport


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THP(Targeting the Hard CorePoor)

The hard -core poor is the poorest sectionamongst the population with a few or no assetbase, highly vulnerable to any shocks andmainly depending on wage labor, begging etc.

Bandhan decided to reach out to the hard corepoor through its piloting program calledChartering into Un ventured Frontiers-

Targeting the Hard Core Poor (CUF-THP).

The program (24 months duration) has been so

designed that the initial tasks involved will betracking these hard core poor throughParticipatory Rural Appraisal (PRA), whereinthe village community collectively selects theneediest women.


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THP(Targeting the Hard CorePoor)

The program is effective since January2007.

The program is running in 22 branches

across eight districts of West Bengal,India and reaching out to 2,068 hardcore poor families .

In terms of funding, it has receivedsome grant money from CGAP,TheFord Foundation & The Michael andSusan Dell Foundation.

Massachusetts Institute of Technology,USA has been associated with the

research of the CUF-THP Program in


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BEP(Bandhan EducationProgram)

With a view to bring about a distinctimprovement in this regard, Bandhandecided to introduce Non FormalEducation Program (Primary).

Aiming to ensure that all poor children in acommunity receive primary educationalfacilities.

The program also aims to ensure 100%

attendance of students enrolled in theschools and reduce their 100%dependence on private tutors.

This led to the setting up of10 schools in

South 24 Parganas in West Bengal, India


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BEP(Bandhan EducationProgram)

Bandhan establishes small schoolswhich have up to 33 students, whoare taught by an educational

facilitator. The facilitators are selected from the

community itself.

The facilitator's duty is to ensure that

these children successfully passgrades I through IV.

The objective is to teach the samecurricula that take four years to teach

in Government schools, in three


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BHP(Bandhan HealthProgram)

The goal of this project is to reducethe health expenditure of poorfamilies and to ensure easy

accessibility to health care servicesavailable at governmental and non-governmental levels in a sustainablemanner.

This also maintains the borrower'sability to repay the loan, help themincrease their enterprises and also

contributes to sustaining themicrofinance ro ram of Bandhan.


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A Swastha Sohayika distributing an ORS packet to awoman in her village


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BLDP(Bandhan LivelihoodDevelopment Program )

Bandhan promises a greener worldthrough production of100000saplings (consisting of timber and

fruits) in 2009-10. The program would be implemented

across 100 branches, targeting atleast one beneficiary in each branch.

Each beneficiary will be encouraged togrow 50,000 saplings in nursery byproviding all kinds of necessary

supports.


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EUP(Employing theUnemployed Program)

Bandhan collaborates withTally IndiaPvt Ltd and HSBC under the Schemefor Skill Development for the

Registered Job seekers for tackling theunemployment scenario in WestBengal.

Under the scheme, potential

beneficiaries will receive a coursecalled Certificate in ComputerizedAccounting delivered by TallyAcademies spread all across West

Bengal.


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Faculty delivering a class on TallyAccounting to underprivileged students


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( ):mpact Success Story

( ) .Sima Mukherjee 32 lives with her son and husband

They had a small stationery goods shop before she took a loan from

. - -Bandhan Sudden death of her father in law brought restiveness in

- -their family because the pension that her father in law used to get

.was a major portion of their family income

.She heard about Bandhan from her sister and took a loan of Rs

,3 000 in the year 2005 and started distributorship of p n aC h a n a c h u r ( ). . , ,fries Receiving Rs 6 000 as her 2nd loan in the

,year 2006 she invested half of that in her existing business

while the rest amount was utilized in starting up of a new

business of o y a n u g g e t s . ,In the year 2007 with her 3rd loan of. ,Rs 10 000 she expanded her business and took distributorship of

.MPS food products


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.A prominent transformation was visible in her lifestyle She

,could give admission to her son in an English school and a

, .football coaching also could provide a private tutor

She was in a position to take a bigger loan and a stable

income allowed her to apply for a bigger loan under Micro

( ). . ,Enterprise Program MEP With the MEP loan of Rs 30 000 she

wisely began distributorship of arle Gfood products( ). . ,basically biscuits The current loan of Rs 40 000 has been

.utilized in her existing business only She is now engaged , ,in the distributorship of Parle G Apna Chanachur Feel

.Good Soya Nuggets She is possessing a carrying van and

.employing a driver and sales man for the same After

.meeting all expenses her monthly net profit stands at Rs

, . , .16 000 Rs 18 000 She is looking forward to take another

.loan from Bandhan once she finishes this one


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References

Karmakar, K.G.,2008, Microfinance In India,Sage Publication Pvt. Ltd., New Delhi

www.bandhanmg.com

mf bandhan

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