Pdf a study on microcredit in eastern uttarpradesh. Cashpor micro credit company information, financial reports. Cashpor micro credit b4 dig colonymakbool alam roadvaranasi, uttar pradesh221002. Cashpoi micro re it annual report 201819 a povertyfocused, notfor. In july 2011, grameen foundation worked with cashpor to create a threeway partnership between cashpor, icici bank and eko india financial services private limited eko. Cashpor micro credit with cin u65910up2002npl0271, is a 17. Gibbons, managing director, cashpor financial and technical. Visiting microentrepreneurs team members visited individual microcredit clients at.
The poverty outreach of ujjivan is worse than its peers in different states. Cmc as a section25 notforprofit microfinance institution. Pdf a study on micro credit in eastern uttarpradesh with. Services private limited cfts in mirzapur district which promoted cashpor micro credit. Cashpor micro credit, varanasi, up ceo, zilla panchayath, dharwad, karnataka dhan foundation madurai, tamil nadu gap foundation new delhi, delhi idfc bank mumbai, maharashtra idfc bharat trichy, tamil nadu society for integrated development in urban and rural areas sidur hyderabad. Stanley bulletin of economics and metaanalysis abstract. Nonprofit indian microfinance institution mfi cashpor micro credit and indian nonbanking finance company nbfc utkarsh microfinance private limited each have implemented technologybased procedures to improve efficiency. Cashpor microcredit cmc a poverty focused, notforprofit mfis with a measured social impact our vision. Cashpor micro credit s corporate identification number is cin u65910up2002npl0271 and its registration number is 271. Cashpor micro credit company information, financial. Channel innovation for financial inclusion grameen foundation. Cashpor micro credit safe savings facilities microfinance. Cashpor micro credit is an unlisted private company. It is a poverty focused microfinance institution based out of varanasi, identifying women below the poverty line in rural eastern uttar pradesh, bihar and chhattisgarh, and providing them with micro credit services for income generation.
The effect of microcredit on the household welfare. An easytoread pdf report on the company that includes five year financial information, ratio analysis, management, group. A study on microcredit in eastern uttarpradesh region with special reference to cashpor micro credit number of pages. Grameen foundation worked with cashpor to help the organization transition from being a single product company offering credit to being an innovative channel to their customers. Except insurance and pension funding the status of cashpor micro credit,as on date is active.
It was incorporated on 10 december, 2002 and is located in varanasi, uttar pradesh. Community team members got to learn about village life by walking through the village to client homes, engaging with client families and community members. The effect of microcredit on the household welfare empirical. Cashpor micro credit income generating loan mftransparency. Cashpor micro credit compliance report for the quarter ended 31st march. Cashpor shares client data with both high mark and equifax credit bureaus, regularly.
Address, contact numbers, contact details of cio, chief finance officer cfo, hr head, sales head, purchase head, admin head, marketing head or manager also available. In order to serve the most needy, cmc has created a cashpor housing index based on the living conditions of borrowers and it targets only the poor and very poor categories. An easytoread pdf report on the company that includes five year financial information, ratio analysis, management, group structure, shareholding pattern and more. Cashpor micro credit is listed in trade indias list of verified companies offering wide array of etc. Cfts is working with a m ission to alleviate th e po verty in easternu. We also appreciate the support extended by ajay shankar mishra, deputy director operations, and his team during the field work.
Apr 30, 20 nonprofit indian microfinance institution mfi cashpor micro credit and indian nonbanking finance company nbfc utkarsh microfinance private limited each have implemented technologybased procedures to improve efficiency. Cashpors board and senior management have considered risk of overindebtedness to identify priorities for expansion into new geographies. Cashpor is a microfinance institution that works towards bringing the economically backward sections of the society out of poverty. Name and designation of contact address of communication person. Cashpor micro credit company, directors and contact details. Cashpor provides a first loss deficiency guarantee up to 12 percent of the proposed limit. Disha india micro credit and cashpor micro credit, two microfinance institutions based in uttar pradesh have been taken into consideration for conducting the. The article contributes to a better understanding of implications of scaling up on the social mission of microfinance programs. We see all bpl women in rural areas of named states having access to microfinance services, and many utilizing them to lift themselves and their families out of poverty. All loans are disbursed only after verifying the creditworthiness of the client with the credit bureau. The registered office of the company will be situated in the state of uttar pradesh.
As per mca and other industry classification records, the main line of business is financial intermediation. Cashpor micro credit is a povertyfocused, notforprofit company that provides microfinance exclusively to women who live below the poverty line in eastern uttar pradesh and bihar. Cashpor micro credits corporate identification number is cin. Jharkhand and bihar having access to microfinance services, and many utilizing them to lift themselves and their families out of poverty. Set up by professor david gibbons, cashpor provides microfinance services in uttar pradesh, bihar and chhattisgarh using the grameen bank model of lending. Urgent vacancy in cashpor micro credit company profile. Several websites have been launched in the past few years that use the power of the internet to enable the general public to support microentrepreneurs through loans. In other words, cashpor assumes the credit risk or loan losses of up to 12 percent before icici shares any of the risk. Challenges and implications, objectively examine the existing legal frame wor k under which the entir e micr ofinance sector operates at present. A study on microcredit in eastern uttarpradesh region with. The success of grameen bank in bangladesh has established the fact and several literatures in this regard also acknowledge the fact that poor are bankable in terms of. This article is written with realization that microcredit, especially because of stringent. Cashpor, with the support of atom technologies, an indian mobile service provider, has established a mobilebased payment and reporting system to. Cashpor collects an upfront fee of 6 percent or as agreed from time to time to cover its costs.
Cashpor micro credit, sarvodaya nano finance ltd, evangelical social action forum esaf, spandana sphoorty financial ltd, aadarsha welfare society and centre for rural reconstruction through social action are the other indian microfinance institutions in the lists top 50. Name and designation of contact person address of communication cashpor micro credit mr. A study on micro credit in eastern uttarpradesh with reference to cashpor. In other words, cashpor assumes the credit risk or loan losses of up to. Cashpor micro credit remarks secured, non convertible debentures private placement 17. Rural outreach is better for notforprofit institutions like sanghamithra 94%, cashpor. A road, near kachari, varanasi, uttar pradesh 221002 commonwealth inclusive growth foundation p ltd cigf.
Cashpor began operations in 1996 and cashpor microcredit was started in 2002 as a poverty focused, not forprofit, section 25 company, with the undiluted commitment to alleviating poverty through a model which is. The cashpor and bhartiya micro credit are found to be the best performers in terms of poverty outreach. Cashpor micro credit company, directors and contact. It covers the whole gamut of laws, regulations and various requirements by the microfinance institutions for their operations. A study on micro credit in eastern uttarpradesh region with special reference to cashpor micro credit number of pages. List of csps under bc arrangement with cashpor micro credit. Pdf a study on micro credit in eastern uttarpradesh. Cashpor, with the support of atom technologies, an indian mobile service provider, has established a mobilebased payment and reporting system to replace paperbased. The company has nine directors abhijit sen, bahram navroz vakil, and others. Cashpor micro credit was incorporated on 10 th december 2002 and registered with registrar of companies, kanpur, up under section 25 of indian. Cashpor micro credit cashpor is a notforprofit company based out of varanasi, uttar pradesh. Cashpor micro credits corporate identification number is cin u65910up2002npl0271 and its registration number is 271. The products offered by the company include credit facilities, savings services, insurance coverage, and pension services. During its association with these women, cashpor realized that to accelerate financial inclusion of the poor it was necessary to offer micro savings along with.
A study on microcredit in eastern uttarpradesh region. It proposes a methodology to measure the extent, if any, to which a microfinance program with a poverty alleviation mission drifts away from its mission during rapid scaling up and presents findings from a field research using the proposed methodology at activists for. This article is specific to small loans, often provided in a pooled manner. It is a poverty focused microfinance institution based out of varanasi, identifying women below the poverty line in rural eastern uttar pradesh, bihar and chhattisgarh, and providing them with micro credit services for. Cashpor was started in 1996 and as on 31st march, 2009 it has provided credit worth inr 1. Top microfinance institutions in india and how they work. Cashpor micro credit cmc, for his valuable support in conducting research work in their operational areas without which the research would not have been possible.
Legal and regulatory framework for the microfinance institutions in india. Grameen foundation and grameen capital india facilitate us. Get top management, md, ceo, hr manager contact details with email id of cashpor micro credit cmc in varanasi. Role of information sources in financial capability. We see all bpl women in rural areas of eastern uttar pradesh, madhya pradeshbundelkhand. Mar 14, 2011 cashpor micro credit cmc is providing micro credit on a large scale exclusively to poor in the povertyincapacitated areas of eastern region of uttarpradesh. Exploring customer service excellence around the world of. Sripati,mr sujeet kumar jaiswal azamgarh bhawanipur azamgarh bhedaura. Nov 24, 2015 cashpor micro credit cmc a poverty focused, notforprofit mfis with a measured social impact our vision.
Pdf cashpor microcredit cmc is providing microcredit on a large scale exclusively to poor in the povertyincapacitated areas of eastern. Registered in 2011, cashpor micro credit has made a name for itself in the list of top service providers of in india. List of csps under bc arrangement with cashpor micro credit ataruliya csps mr. For the purpose of this paper, the 1997 microcredit summit, and the summits. Institutional analysis of microinance institutions mfis. List of csps under bc arrangement with cashpor micro. Cashpor micro credit promoted by cashpor financial technical servi ces pvt. Download as doc, pdf, txt or read online from scribd. Cashpor microcredit cmc is providing microcredit on a large scale exclusively to poor in the povertyincapacitated areas of eastern region of uttarpradesh. District name branch name village name ambedkar nagar ahirauli gobin sahab ambedkar nagar ama darwespur ambedkar nagar bhabhaira ambedkar nagar chakia. Cashpor report 12 copy copy microfinance socioeconomic. Pdf a study on microcredit in eastern uttarpradesh region. The objects for which the company is established are.
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