Microfinance Process Excellence Award 2006
"The journey of a thousand miles begins with one step". Miyamoto
Musashi
PlaNet Finance India and ABN AMRO Bank together instituted the
Microfinance Process Excellence Awards (MPEA) in 2004 with the
objective to promote process-based management in microfinance
institutions. We are proud to share that for the second year MPEA was
successfully concluded and once again we celebrated the spirit of the
growing age of microfinance with the anchors of poverty alleviation, the
microfinance institutions, delivering financial services to the poor. The
list of the winners of MPEA 2006 is attached herewith.
Unlike last year, where the awards were just spread over three
categories based on the scale of operation of the microfinance
institutions, it was regionalised this year to gauge regional excellence
amongst microfinance institutions for their scale and effectiveness in
operations. The award categories were created to provide equal
opportunity to institutions of all scales to nominate themselves for the
Award.
The nominations for MPEA 2006 drew over 130 organisations, of which
54 institutions were pre-selected through a stringent jury process and
then provided with intensive training and technical assistance after
which each organisation had to go through training replication and
implementation of processes in their respective organisations before
final evaluation. It was an arduous task for the MPEA jury panel to
identify the best in the implementation of process management
practices amongst microfinance institutions in India both regionally and
nationally, given the fact that each participating institution in itself was
doing exemplary work in trying to make finances easily accessible to the
unbankable.
The Awards presentation was held at the Garden of Five Senses,
Saidulajab, New Delhi on April 7, 2006 and was attended by over 200
dignitaries including the winning and finalist microfinance institutions.
The guests of honour who graced the occasion were the Resident
Representative of the United Nations Development Programme Dr
Maxine Olson, the Dutch Ambassador H.E. Eric.F.Ch.Niehe, Chairperson
of the Confederation of Khadi and Village Industries Mr Haresh Shah,
Mission Head of United States Agency for International Development Mr
George Deikun, Executive Director of The Energy Research Institute Dr.
Leena Srivastava and the President of Dastakari Haat Samiti and
Founder of Dilli Haat aya Jeitley. The presence of a good number of
guests and supporters of the awards were encouraging both for the
awards partners and participants. It is expected that the awards will go
a long way in strengthening and professionalizing the microfinance
sector.
For any further information, contact Indrani Sharma at
[EMAIL PROTECTED] / 9810232724.
WINNERS OF MICROFINANCE PROCESS EXCELLENCE AWARDS 2006
National Winner Best Emerging Institution
Jyotirmayee Mahila Samiti
Registered under Societies Registration Act 1860
Based in Orissa since 1996, Jyotirmayee Mahila Samiti has been
working towards economic empowerment of the poor by facilitating
enterprise development for Self Help Groups and Individuals and
local CBOs.
Having a total of 9 branches and 12600 active clients, its
cumulative loan portfolio is INR 3.4 Million with average loan size
of INR 2000.
National Winner
GRAMEEN KOOTA
Registered under the Charitable Trust Act and operational in Rural
Bangalore, Mandya, Tumkur, Hassan districts of Karnataka covering
580 villages.
One of the fastest growing microfinance organizations since 1999,
Grameen Koota resorts to Group Assisted Lending and has 20638 active
clients. Their clientele is 100% women and their total cumulative
loan disbursement has been INR 2066.46 Lacs with average loan size
of INR 2322.
Regional Winner East
BISWA (Bharat Integrated Social Welfare Agency)
Registered under the Societies Registration Act, 1860 and FCRA,
BISWA has been engaged in microfinance since 1996 and is working in
22 districts of Orissa and 5 districts if Chattisgarh, covering a
total of 1909 villages.
Biswa has a total of 34 branches with 59700 active clients. Their
cumulative loan disbursement has been INR 86 Million with average
loan size of INR 35954.
Apart from microfinance services, BISWA has also been fulfilling the
basic needs of its beneficiary communities such as making available
clean drinking water, Providing basic education and health services
through its BASIC NEEDS PROGRAM.
Regional Winner North
CASHPOR Micro Credit
A Section 25 Company, Cashpor Micro Credit has been operational in
districts of Eastern UP and Western Bihar.
Cashpor has 100% women clients and 7 branches in all. They have 90%
rural and 10% semi-urban clients. With total number of 68229 active
clients, it has cumulative loan disbursement portfolio of INR 1042.2
Million. Their average loan size is INR 5623.
Regional Winner North East
Centre for Rural Development
Registered under the Multiple Acts of Societies Registration Act and
FCRA
Centre for Rural Development's mission is to ensure sustainable
livelihood for the poor by utilizing local resources and skill
enhancement through community participation approach.
Its Rickshaw Bank initiative wherein they lease out rickshaws to
unemployed youth provides sustainable livelihood opportunity to its
beneficiaries through a unique credit delivery mechanism.
The Richshaw Bank project implemented in the Kamrup district of
Assam, has 380 active clients with their average loan size of INR
7500. The total loan disbursed till date is over INR 3 Million.
Regional Winner South
BASIX (Bhartiya Samruddhi Finance Limited)
A Non Banking Financial Corporation since 1996, Basix is a pioneer
in promoting sustainable livelihoods for the rural poor (especially
women) through microfinance.
Operational in districts of Andhra Pradesh, Maharshtra, Orissa,
Jharkand, Karnataka and Madhya Pradesh, Basix has total number of 29
branches and 83293 active clients. Their cumulative loan
disbursement has been INR 2.3 Billion with average loan size of
Rs.13815.
Regional Winner West
Mann Deshi Mahila Sahakari Bank Ltd.
Registered as a Cooperative Bank, Mann Deshi Mahila Sahakari Bank is
the country's first rural financial institution to have received the
cooperative license.
With their focus on the socio-economic development of women, Mann
Deshi today has 24199 active clients of which 92% are rural and 8%
are semi urban based. Their cumulative loan portfolio is INR 135.3
Million and average loan size is INR 5323/-.
Awards for Continued Excellence
SKS Microfinance Private Ltd.
Winner of MPEA 2005
A Non Banking Financial Corporation, SKS Microfinance is one of the
leading microfinance providers in the country with its operations in
Andhra Pradesh, Karnataka, Maharastra, Orissa and Madhya Pradesh.
SKS's vision is to become the premier microfinance organization that
is customer centric, professionally managed, transparent in its
operations and which acts as a catalyst in providing economic
opportunities to the poor in order to alleviate poverty. It aims to
serve 500000 clients by 2008.
Having 86869 actives clients served through 36 branches, its
cumulative loan disbursement portfolio is INR 98.51 Million.
Pahal
Winner of MPEA 2005
Registered under the Society's Registration Act 1860 and Winner of
MPEA 2005
Engaged in the field of microfinance since 1994, Pahal has been
working towards the socio-economic empowerment of the
underprivileged sections of the society by facilitating income
generation activities and building their capacities through
education and skill enhancement programmes.
Pahal has been transformed into a microfinance provider from being a
microfinance promoter and has today 2250 active clients of which 70%
are semi urban and 30% are rural based. The total cumulative loan
disbursed by Pahal has been INR 6.53 Million with average loan size
of INR 2500.
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