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Microfinance refers to small scale financial services for both credits and deposits- that are provided to under privileged people who operate small or micro enterprise where goods are produced, recycled, repaired, or traded. Marguerite S. Robinson


Microfinance & Development
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Partners

Opportunity International Australia (OIA) is a global leader of microfinance and enterprise development. The pioneering work of David Bussau and the late Al Whittaker began in the 1970's during the earliest days of the microfinance revolution. Opportunity International continues today through the commitment and shared vision of five support partners and 44 implementing partners throughout Asia, Africa, Latin America and Eastern Europe.

 

DIA Vikas Capital : Opportunity DIA India (ODI) is an initiative of OIA to address the issue of poverty by providing microfinance services to the families from the bottom of the pyramid. It is headquartered at Gurgaon (NCR) Haryana.

 

MicroSave is at the forefront of efforts to move microfinance from a product-driven to a market-led basis through Product development; Product delivery systems;

Customer service strategies; and Corporate brand and identity.

 

SAADHANA It is a non- profit organization established in the year 2001 to reach out to the urban and rural poor women with the specific mandate to catalyze the 'Endeavor of the Poor for Self-Sufficiency'. From its humble beginning in 2001 has now reached out to more than 20,000 poor women within a short span of four years scaling up its operations to surrounding towns with innovative partnerships.

With Shikhar, Saadhana has partnered not only by technical input but also by providing bridge loan for the smooth run of the operation.

 

Indian Bank (IB) is a premier bank owned by the Government of India. Established on 15th August 1907 as part of the Swadeshi Movement (Freedom Movement in India), it is a major Indian commercial bank headquartered in Chennai, India. It has overseas branches in Colombo, Sri Lanka and Singapore, and 229 correspondent banks in 69 countries.

IB has been a leader in rural development, pioneer in introducing Self Help Groups and Financial Inclusion Project in the country. IB has been awarded for Micro-Finance activities in Tamil Nadu and Union Territory of Puducherry from NABARD, it has established 7 specialized exclusive Microfinance branches called "Microsate" across the country to cater the needs of Urban poor through SHG (Self Help Group)/JLG (Joint Liability Group) concepts. A special window for Micro finance viz., Micro Credit Kendras have also been functioning in 44 Rural/Semi Urban branches.

 

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