ANISHA
Microfinance Programmes
play a crucial role in
reducing poverty and creating
economic stability for
women in the target areas.
The Basic programmes
are:
- Micro Credit Programme
- Micro Savings Programme
(Through nationalized
banks)
- Micro Insurance Programme
(Through Strategic
alliance with insurance
Companies focused on
Micro-insurance)
Micro Credit
Programme
Under the small
credit programme, poor
women get loans from ANISHA
mainly for Income Generating
Projects.
Group members receive
an amount of Rs. 4000/-
to 5000/- as initial loan.
Each loan, depending on
the end-use, has to be
repaid within a period
of 12 / 18 / 24 monthly
instalments along with
service charges.
The repayment is tailored
to the loan product, enabling
easy repayment without
affecting the cash flow.
Subsequent loans are provided
with an increment of Rs.
2000/- to 3000/- on the
initial loan amount depending
on the client’s
need and demonstrated
competence.
Micro Savings
Programme
Savings help
to enhance capital and
ensure future protection.
ANISHA has introduced
voluntary monthly savings
of Rs.50/-. The savings
are held in the SHG account
in a local nationalized
bank. The savings are
pledged towards loan performance.
The group members are
allowed to withdraw their
savings when they wish
to leave the group. These
savings programme promotes
the habit of saving.
Micro Insurance
Programme
The poor are
particularly vulnerable
to crises such as death
in the family, natural
disaster, crime, fire,
or illness that can ruin
a person’s business
and devastate their family.
Hence it is critical that
the poor are provided
with financial safety
nets to protect them from
unforeseeable risks.
ANISHA currently operates
its micro insurance programme
in partnership with United
India Insurance co. Ltd.,
HDFC standard life insurance
co. Ltd.
|
