Head Office 1D/02, Vardan Khand 1, Gomti Nagar Vistar, Near Vijaya Bank,
Behind CMS School, Gomti Nagar, Lucknow, U.P.-226010
Registered Office: Husainabad, 1ST Floor, Near Durga Mata Mandir, Jaycees Chauraha, Haveli,
Tahsil- Sadar, Jaunpur -222002, U.P. India,
Phone: 91+9415737933; Email: [email protected]
Managing Director’s Desk
It is a essence of enormous satisfaction for us to carry out our Seventh Annual
Report. (SSMC) has emerged as fast - growing micro finance organization in Jaunpur,
Uttar Pradesh. This Seventh Annual Report, not just swathe the performance so as
to we have prepared in a modest duration of instance, but it also provides
information about our setting and work. This year organization has also intervened
in livelihood promotion activities and community intervention activities for underprivileged clients.
This year SSMC has all ears on designing new innovative products and providing Income generating loan
so that a noteworthy impact can be seen in the life of poor clients and there will be sustainable
development in their livelihood standard. Among the rural population microfinance loan provided to
women members for dairy, buffalo, cow, goat rearing and for the members residing in the rural and
semi urban area organization has provided loan for income generating activities i.e. General Stores,
Street Dhaba, Bidi making, jari work etc. . Besides, organization has also provided support services along
with loan to enhance their livelihood opportunities. SSMC has organized financial literacy and trainings
programs of borrowers as SSMC believes through building capacity to utilize the borrowed amount for
income generation that will benefit them in long run and this will help poverty alleviation. This year
organization has been able to attract the investors through its responsive lending with transparency.
SSMC will efficiently get better and strengthen its governing structure to attain best outcome and
sustaining the institution.
On behalf of the Board of Directors and Shareholders, I want to make formal statement to grateful and
esteem to board of directors, administration team and every single one staffs who had tried to follow
and attain goal map carefully including strong dealing and know-how management to help Sai Samarpan
Micro Credit to be flourishing and as well a influential allocation for Indian economic toward its
development.
To end with, I would like to wish all staff member to go on tiresome with own valued experience to help
the organization to be better and more successful. Vijay Jaiswal
Managing Director
VISION
To empower a poor particularly poor women in rural areas to improve their standard of living. And provide an opportunity to develop a socio-economic level to each so that they could live with happiness.
MISSION
Our mission is to find the poor women and motivate them to catch our provided micro financial services in simple way and deliver all effective services with honest, timely and efficient manner.
As well as maintain their productive business and management by performing several activities timely so that they pass through a profitable way by own economic investment.
Vision and Mission
OUTLINE Name of Organisation : Sai Samarpan Micro Credit (SSMC)
Registered Address : 1st Floor,Dharma Villa Building, Vajidpur Tiraha,
Jaunpur, U.P., India
Head Office : Husainabad, 1ST Floor, Near Durga Mata Mandir,
Jaycees Chauraha, Haveli, Tahsil- Sadar, Jaunpur -
222002, U.P. India
Email: [email protected]
Contact person : Vijay Kumar (Managing Director)
Mobile: 08601111472;
e-mail: [email protected]
REGISTRATION DETAIL Registration : Registered as a not for profit company under
section
25 of the Indian Companies Act, 1956
Registration No. : U93030UP2011NPL044372
Date of registration : 15/04/2011
PAN : AAPCS7145A
BACKGROUND OF SSMC
Sai Samarpan Micro Credit (“SSMC”) is a micro-finance company registered & licensed as
Non Profit Making Company (Non Deposit taking) under section 25 of the Companies Act,
1956 and exempt from the provisions of Chapter III B of the RBI Act, 1934. It got registered
in the year 2011. Organizations provides financial services to poor rural/semi urban
families in the Jaunpur and surrounding Districts in Central & Eastern Uttar Pradesh, India
to enable them to invest in income-generating activities. It also provides insurance
products by collaborating Insurance Companies to assist in asset development, as well as a
complementary loan product for special emergencies.
As an organization dedicated to the socio-economic development of rural/semi urban
communities, SSMC is also looking to facilitate additional services to its clients through
alliances with other organizations in the area of economic development and empowerment.
Main focus of the organization is to enhance the income of households and improve the
status of women in the society.
The organization has experienced staff and advisory committee who are committed to the
organization.
Contour of Board of SSMC:
Vijay Kumar (Promoter & Director):
Managing Director of the company, he has professional degree in
education, He belonging from Jaunpur. He has more than 6 years of
experience in Infrastructure and land development activities; he has
expertise in team leading and motivation. He also worked in Mumbai
in Real State sector, After seeing that it’s very difficult to uplift
livelihood of a nos. of women, through these type of works and by that
sectors, so he decided to work in microfinance sector, he decided to
start micro finance company, so he start microfinance company
through incorporate section-25 company named Sai Samaparan Micro Credit (SSMC) in
April, 2011.
He invested his own money time to time as capital in the company to established and grow
up it and work smoothly.
Now he is overseeing in SSMC, day to day working of operations and finance, and overall
activities of the company as Managing Director. All senior staff directly report to him.
Suneeta Devi (Promoter & Director):
She is the Director of the company hails from Jaunpur, in the company,
she has completed her graduation from Jaunpur University. She has
pivotal role in making policies of the company. He is overseeing day to
day work of HR-Admin in the company. Her guidance and support is
very fruitful to its employee and organization. She also active in this
company as promoter and director.
She is working in SSMC as Promoter and Director, and GM HR-Admin.
Mr. Rajesh J. Singh:
Mrs. Suneeta Rajesh Singh:
Mr. Vivek Kumar Jaiswal
Mr. Vivek has completed his graduation and joined PBA (I) Ltd. Mumbai as Technical
Manager and as Supervisro, after 7 years experience in Civil & Constructions Sector, he
has joined SSMC as Additional Director and involved in day to day operational
activities and overseeing Audit Department. He has also shareholder of the SSMC.
Mr. Avneesh Kumar Jaiswal-
Avneesh has completed his graduation and joined Saket Infra Project,
RMC Plant, Mumbai as Plant Manager, after 5 years experience in
Infrastructure Development Sector, he joined SSMC as Additional
Director and involved in day to day operational activities. He has also
taken shares of the SSMC.
Mr. Muniraj Sharma, (Executive Director)
He has vast experience in Internal Audit & control, Accounts & finance
and operations of various microfinance companies i.e. Capital Trust,
CASHPOR Micro Credit, Moral Group of companies and Bhartiya Micro
Credit, currently he is working in CASHPOR Micro Credit as GM-Audit.
He has great expertise in Internal Audit and Control of about 8 years,
he worked with some great Chattered Accountant, and had work in
various field of microfinance sectors.
He is an independent director in SSMC and SSMC utilized him in his day to day working of
Internal Audit & Control system, and also day to day work of Finance and Accounts
department, his guidance and support is very fruitful for SSMC.
ADVISORY BOARD :
Mr. Anupam Tiwari-He is 44 years old and belongs to Mirzapur
District of UP. Mr. Anupam Tiwari holds a Masters degree in Business
Administration. He has more than 15 years of experience in MFI Sector. He
has also part of CMC team member that built CASHPOR Micro Credit
(CMC) from scratch to one of the largest MFIs in North India.
He joined CFTS in July 1998 as Branch Manager (11 years). Due to his excellence
performance he continued to be promoted with the company. His First Promotion as a
Manager Insurance in April 2001 & Second promotion as Manager Training in April 2003.
In the last assignment Anupam was holding the position of Project Manager Livelihood
generation programmed of American India Foundation (AIF-Rickshaw Sangh) on Oct 2009
to Dec 2010.
His vast experience is time to time very important for SSMC, day to day working.
Radheyshyam Mishra : having M.Sc. Agriculture-Economics from BHU,
belongs from Shivpur, Varanasi, U.P. born on 1944 have a vast
experience in Finance and banking sector, he worked as Finance
Manager, chief Internal Auditor and Chief Manager-Credit in Central
Bank of India in various places. He also work in Agriculture finance
and Department of Garden and open space at Maharastra State Govt. He is as Advisory
Board Member in SSMC.
Mr. Virender Kumar Kashyap : Virender Kumar Kashyap s/o Late Sh.
Hukam Chand Kashyap was born on 19th of December, 1946. After
completing his studies, he joined Oriental Bank of Commerce, a leading
public sector Bank in 1972 and worked in different positions in the
same bank from time to time for 35 years. During his working in this institution he gained
vast banking experience and learning gained by him in various fields of operation as well as
administrative work could be very helpful in future assignments. He has a high level of
commitment which can be aligned to the attainment of set organizational goals as well as
smooth working of the institution to further deliver excellent desired results.
As Mr. Kashyap had a great interest in the Micro Finance, he joined Cashpor Micro Credit, a
section 25 Company under Companies Act, 1956 immediately after his retirement as CFO
and was looking after the Departments of Accounts, Claims and Loans/finance from 1st
Feb,07 to Aug,2009.
After resigning from CASHPOR in the month of Aug, 2007, he joined Mainstream Solutions
and Education a Section 25 Company as Promoter Director and CEO in Sept, 2009.
During this period Mr. Kashyap was also designated as COO of the GEOSANSAR (Gaia
Advisors) a London based Company of the same group which is working for the financial
inclusion in India.
NAME AND ADDRESS OF BOARD OF DIRECTORS: Sl.
#
Name Designation Date of
Birth/
Age
Qualif
ication
Address Experience
1 Mr. Vijay
Kumar
Promoter &
Director
March
4, 1978
B.Sc.,
B. Ed.
Vill.-Bansafa,Post-
Sikrara,Distt.-
Jaunpur,U.P. PIN-
222131
PBA(I) ltd - 2
Years
Saket Infra
projects Ltd - 3
Years as
Supervisor
2 Mrs.
Suneeta
Devi
Promoter &
Director April
22,
1983
B.A.
Vill.-Bansafa,Post-
Sikrara,Distt.-
Jaunpur,U.P. PIN-
222131
Business-Land
Development
3 Mr. Muniraj
Sharma
Executive
Director
36
years
M. Com.,
LLb.
Pandeypur,
Varanasi
Business
4 Mr. Rajesh
J. Singh
Mrs.
Suneeta
Rajesh
Singh:
Mr. Vivek
Kumar
Jaiswal
Mr.
Avneesh
Kumar
Jaiswal
SHARE HOLDING OF SSMC :
Shareholding as one 31st March, 2016
Sr. No. Share Holder Name
Share
Value
No. of
shares
% of
Share
1 Arun Kumar 400000 40000 11.58
2 Chandra Prakash Yadav 220000 22000 6.37
3 Raj Dei 503800 50380 14.59
4
Suneeta Devi (Promoter-
Director) 410500 41050 11.88
5 Ved Prakash Jaiswal 330000 33000 9.55
6
Vijay Kumar (Promoter-
Director) 1020000 102000 29.53
7 Vivek Kumar Jaisval 240000 24000 6.95
Total 3124300 312430 90.45
LEADING EXECUTIVE GROUP: Mr.Girish Kumar Pathak (Chief Functionary Officer)
Girish has more than 8 years of experience in Microfinance development sector in various
positions. The development sector consisted of areas like Hardware, Software, Planning,
Monitoring, Supervision & Report generation. He worked Cashpor Micro Credit as an Asst.
ICT Officer on the activities of MIS implementation & process automation. After Cashpor,
Girish became one of the lead team members of first microfinance organization in
Uttarakhand named MIMO Finance (MIMOZA Enterprises) as a MIS Manager .after MIMO
Girish Joined Moral Gramin Micro Credit as a MIS & Planning Manager. After Moral Girish
joined Bhartiya Micro Credit as a Sr. Branch Manager (AIF Riksha Project). After Then
Girish joined SKS Micro Finance looking after the process compliance in the area of IT. In
the last assignment Girish was holding the position of MIS Head in Surya Jyoti leasing &
finance Limited in Varanasi. He is well versed with the IT & Operation tools. He has
contributed well in the development of MIS system in different organizations with which he
was associated. On the front of education, He is B.Sc. & B.ed from Veer Bahadur Purvanchal
University, PGDCA from Sikkim Manipal University Sikkim & CHIP (Certified Hardware
Intensive Programs) from UPTEC Varanasi. He is the Member of Head Office as a Chief
Functionary Officer.
Mr. Bragesh Bahadur Singh (Finance Officer)
Mr. Bragesh Bahadur having nine years of professional experience in Finance and
Accounts Officer and sound technical knowledge on accounts, financial management
Administration and HR Management with thorough knowledge of accounting software in
development sector. He has worked with NABARD in Priyadarshani Program as DPM of
NABARD at its various branches. He has expertise in SHG Promotion Programs and Women
Empowerment Programs.
He is overseeing as Finance Officer at SSMC.
BRIEF BIO OF THE SECOND LINE MANAGEMENT AND THEIR RESPONSIBILITIES:
Mr. Sanjay Yadav:-
Sanjay has graduate from Veer Bahadur Singh Purvachal University Jaunpur. He is
contributing in with micro finance sector from more than 5 years and has been Branch
Manager and Area Manager, in Sonata, and Satin Credit Care. He is looking after day-to-day
operations & business development activities.
Designation: Operation Manager
Reporting Officer: Chief Functionary Officer
Qualification: Post Graduation / Graduation
Relevant Experience: 6 Years experience in MF operations
Duties and Responsibilities:
• Supervise all divisions • Visit branches of all divisions. • Verification of the loan utilization and ensure 100 % timely collection • Supervise book keeping and record maintenance. • Manage funds across Divisions. • To set target for all Areas. • Maintain good relationship with staff, customers and local population to obtain
and retain good customers • Supervise the staff of all areas, including their work in the field by means of
planned and surprise visits.
Chandra Prakash Yadav: -
Chandra Prakash having more than 1 years experience as an Accountant with Gleam Distributor & Silkasia Exports Company. He is Graduate from Veer Bahadur Singh Purvanchal University. He has Diploma in Computer Application, Business Accounting, Banking Revolution, Taxes, company Law and Certificate in financial accounting from NIFA Jaunpur, He is joining the Company on Dated 01June 2011. He is the Member of Head Office as an Account Manager
• Designation: Accounts Manager • Reporting Officer: Chief Functionary Officer • Qualification: Post Graduate • Relevant Experience: one Year experience in Gleam Distributor & Silkasia
Exports Company.
• Duties and Responsibilities: • Monitor customized reports for SSMC using various data. • Monitor the implementation of a central database system for Organization. • Ensure regular data entry in software & Tally at branch level and consolidation
at HO. • Monitor the development of software as per company requirement suggested by
the Senior Management after having discussion with IT & Accounts team. • Ensure smooth, uninterrupted MIS work in the establishments of SSMC’s Head
Office, including its field offices. • Ensure timely installation and implementation of software at the
existing/proposed branches of SSMC. • Monitor the branches for maintenance of the Software on day to day basis, and
also to maintain data base back up at Head Office regularly. • To train the branch staff to enter their daily data into the system for daily
closing and to maintain adequate backup. • Generate Accounts & M.I.S reports at regular interval.
Kalpan Pandey:-
Kalpan has Post Graduate from Veer Bahadur Singh Purvachal University Jaunpur &
Diploma in Computer Application, having more than 3 years experience as a Branch
Manager with JKV Credit Co-operative Society & G.S Group of Companies. She is overseeing
Admin & HR Reports.
Designation: Admin & HR officer
Reporting Officer: Chief Functionary Officer
Qualification: Post Graduate
Relevant Experience: one Year experience in MFI and one year experience in
Producer Company.
Duties and Responsibilities:
• Ensure regular data entry in software & Tally at branch level and consolidation at HO.
• Ensure timely installation and implementation of software at the existing/proposed branches of SSMC.
• Monitor the branches for maintenance of the Software on day to day basis, and also to maintain data base back up at Head Office regularly.
Boni Singh: -
Boni Singh has MSc in agriculture from Veer Bahadur Singh Purvachal University Jaunpur &
Course on Computer Concepts (CCC). She is fresher. She is Admin Asst.
Designation: Admin Asst.
Reporting Officer: Chief Functionary Officer
Qualification: Post Graduate
Relevant Experience: no.
Duties and Responsibilities:
• Monitor the attendance & movement register • Monitor customized reports for SSMC using various data. • Monitor the development of software as per company requirement suggested by
the Senior Management after having discussion with IT & Accounts team. • Manage the all stationary for office • Ensure smooth, uninterrupted MIS work in the establishments of SSMC’s Head
Office, including its field offices.
ORGANIZATION STRUCTURE
OPERATIONAL AREA Organization had commenced its operation with 2 branches at Jaunpur district, i.e. Jaunpur
and Machhali Sahar area and presently it has open 7 new branches in FY-2017-18 at 5
districts. Presently SSMC worked at Jaunpur, Pratapgarh. Amethi, Azamgarh and Sultanpur,
U.P.
OPERATIONAL SNAP:
State : 1 – Uttar Pradesh
No. of District : 5
No. of Branches : 10
No of staff : 30
Model of Operation : JLG
No. of Groups :
No. of members :
No. of Borrowers :
Total Disbursement :
Total outstanding :
On time repayment : 100%
Overdue : NIL
PAR : NIL
Name of funders : 1
Partner Organizations : 3
Technical and Capacity : 1
Building Supporters
COMPARISON TABLE OF OPERATIONAL PERFORMANCE Particulars 2012-13 2013-14 2014-15 2015-16
(Audited) (Audited) (Audited) (Audited)
No. Of partner MFIs, if applicable NA NA NA NA
No. Of active groups at the end of year 29 35 30 37
No. Of active members at the end of year 407 447 378 412
No. Of active borrowers at the end of year 392 447 331 353
Of which, men NIL NIL NIL NIL
Women 392 447 331 353
Rural borrower 243
289 202 254
Urban borrower 149 158 129 99
No. Of savers at the end of year NA NA NA NA
No. Of field offices 2 4 3 5
Total staff strength 6 9 11 9
Of which – field staff 2 4 6 4
Managerial staff 4 5 5 5
No. Of loans disbursed during the year 458 491 331 412
Amount of loans disbursed during the year (Rs lakhs) 4096800 5364900 5164000 6608000
Principal due during the year (Rs lakhs) 1576832 3939156 5759854 6401860
Principal recovered during the year (Rs lakhs) 1821082 4686120 5759854 6401860
Recovery rate (%) 100 100 100 100
Principal overdue (i.e. Due but not received) (Rs lakhs) NIL NIL NIL NIL
Portfolio in arrears (total outstanding of loans that have one or more payment in arrears)
NIL NIL NIL NIL
No. Of loans outstanding at the end of year 407 447 331 353
Amount of loans written off during the year, if any (Rs lakhs) NIL NIL NIL NIL
Amount rescheduled during the year (Rs in lakhs) NIL NIL NIL NIL
Savings mobilized during the year (Rs lakhs) NA NA NA NA
Savings withdrawn during the year (Rs lakhs) NA NA NA NA
Balance savings at the end of the year (Rs lakhs) NA NA NA NA
Micro credit loans extended 2,275,718 2954498 3827927 4034067
OPERATIONAL PERFORMANCE GRAPHS
Rural Urban Ratio :
ACTIVITY WISE PORTFOLIO BIFURCATION SSMC, provides income generating loan for various income generating activities to its
Below Poverty Line women borrowers on their demand/needs. In financial year 2014-15,
SSMC increase its portfolio and also involve and add various new income generating
activities in its operational area.
In below mention chart its show its portfolio ratio:
Branch wise Portfolio Outstanding Ratio Financial year 2015-2016, SSMC open two new branches in Jaunpur district, through its
expansion plan, SSMC accessed more BPL women with some new income generating
activities to fulfill its mission and vision.
LOAN PRODUCTS: EXPLORING NEW VISTAS The success of the reaching poor family and building the sustainable Institution is highly
dependent upon the financial products, the MFI offers.
The Micro credit program of SSMC is dedicated solely to the poor persons of the
community. The design of the financial products of organization is sensitive to the needs of
poor families. This not only improves the economic status of the family but also helps to
increase the business of the MFI.
At the time of the designing the financial product, organization has considered a few
important points, those are the following:
1. Appropriate size of the loan 2. Flexible terms 3. Appropriate repayment frequency 4. Reasonable Interest Rate 5. Avoid hidden cost to Borrower
Organization offers mainly income generating loan to its clients. There are 3 types of loan
products in the organization. Detail of loan products is given as under:
Name of Product Loan Amount
No. of Installment
Repayment Method
Interest Rate (Decline balance method)
Processing Fee
General Loan 1000-18000 45 Weekly 26% 1%
Dairy Product Loan 10000-18000 45 Weekly 26% 1%
Rickshaw 6500-15000 45 Weekly 26% 1%
The kinds of income generation activities that are being financed or are typically financed by rural lending organizations are:
Livelihood Loan : such as seasonal fruit and vegetables, sari weavers, small grocery store, making and selling ice cream, gasoline vendor, making and selling sweets, bread, lunches, making and selling handicrafts, cobbler and many other income generating activities.
♦ Asset Loan : service activities including transportation via cycle rickshaw, push cart, donkey or horse and Eco-Friendly activities loan i.e. solar energy product loan-solar lamp etc.
♦ Livestock Loan : animal husbandry activities such as chickens, goats, cows, buffalos, pigs, birds.
• Social intermediation (viz. Group formation, leadership training, etc.) • SSMC would provide training and capacity building inputs including handholding to
staffs in the field for them to make good groups for financial intermediation.. • Enterprise Development Services (viz. Marketing, business development,
technology/ skill training, sub sector analysis etc.)
SSMC seeks to serve the poorest of the poor initially in the rural areas of Central and Eastern Uttar Pradesh. Landless are often involved in daily wage labor, these poor families have no assets or savings to fall back on during times of crisis. Access to capital during emergencies and to start and development of small enterprises is available only from village money lenders who charge high interest rates, as high as 5-10% monthly.
SSMC specifically targets the women members of these families those are currently
engaged in some income generating activity, as well as poor housewives who are not currently working but who show interest and initiative in joining the program and starting a small activity on their own. It is SSMC’s belief that empowering all adult members of the family to become economically active will make a significant contribution to the socio-economic development of poor families.
INSURANCE: SSMC tieup with Birla Sun Life Insurance Company to provide insurance services to its
clients, SSMC not only provide insurance with its women clients but also insured her
spouse/nominee also.
SSMC provide insurance services to its clients as per IRDA Guideline.
REVIVING LIVELIHOOD: Animal Husbandry is making a significant contribution to rural economy and socio
economic development. In rural India where over 19-24% families are land less and about
76% of land holders are small farmers, livestock is the main source of livelihood.
Organization has realized
that its considerable loan
amount is used for buying
buffalo/cow/goat. In the
rural areas people are
mainly dependent strongly
believes that without
intervention in livelihood
promotion, measurable
impact cannot be done at
household level of the
clients. With these
convictions, organization
has made efforts in
livelihood promotion.
SSMC designed a product
for its borrowers for
buffalo/cow/goat rearing;
the main feature of this
project is organization is
initially providing its
maximum loan of Rs. 13,100
to the borrowers for animal
husbandry purpose.
Organization wish to intend to make available two milking animal at famers after repaying the loan with in the period of one year. To fulfill it, organization planned to modify its loan size and repayment schedule will design in such a manner so that borrower can repay it easily during 12 months.
OUTREACH Since its inception organization is making efforts to serve to more and more clients in the
rural area. Organization prefers to work with women clients. In the total duration of its
operation organization has prepared a considerable cliental base in Jaunpur district.
Branch Name Loan Client Disbursement Amount Outstanding
Jaunpur City 196 3533000 2735621
Machhali Sahar 123 2436000 861160
Badalapur 34 639000 437286
Sub Total 353 6608000 4034067
SSMC’s SLANT The approach followed by
SSMC makes it a little
different from other
institutions delivering the
microfinance services.
Clients First: For SSMC, it
is the clients who matter
the most, whether it is the
case of disbursement or
providing services to
them. The clients’ views
are given due respect and
things are made crystal
clear to them before commencement of any activity. The rules and regulations of the
company vis-à-vis a break up of charges to the clients are mentioned on the loan
passbooks. Contact details of senior staff including the MD, are mentioned at the branch as
well as the loan card, so that they can contact the concern.
❑ Services at Doorstep: SSMC has ensured timely and affordable microfinance services to its clients at their doorstep and at the place of their meeting. It has also ensured regular interaction of the client with the branch.
❑ Gender Focus: SSMC focuses only on women for its services, because it believes that women in India are the most under-privileged and they have a concern for their families.
❑ Collateral Free Loans: SSMC does not take any physical or financial collateral from
its women clients. Instead it uses social collateral and peer pressure through groups
of the clients as a mechanism to ensure timely meeting and disciplined repayments.
SSMC’s CLASSIFICATIONS
SSMC endeavors to put in place systems which can improve its efficiency in delivering
microfinance services to
the poor clients:
❑ Philosophy of
Innovation: SSMC has adopted culture of innovations since inception based on the experiences of microfinance sector. In this process, SSMC is developing its own software to keep track of the MIS data generated from the field. Also SSMC is planning to initiate its work on supporting clients’ small businesses which can improve their livelihoods.
❑ Responsible and Transparent Functioning Alignment: The staffs at SSMC are well
trained to deal with the clients and office systems. The company has developed a
mechanism of regular reporting by each staff as well as discussion meeting.
❑ Quality Human Resources: SSMC has a pool of talented human resources, who are
committed towards providing quality services to the clients. SSMC has developed
HR and operational manuals for the smooth functioning of the organisation as well
as quality human resources.
❑ Efficient Internal Control and Checks: SSMC has developed accounts and finance manual for its accounting operations. A proper internal control and check mechanisms at every level has been developed by SSMC to improve its efficiency. As for example, SSMC has provisions of surprise visits at branch level as well as head office level.
FUND SUPPORT Having started its operation in 15/04/2011, SSMC has been able to raise a loan support
from S.D.J. Land Developers India Limited (a Land Developer company engages in land
development activities), Sunita Devi and Mr. Avnish Kumar Jaiswal and till March, 2017 the
loan repaid to the lenders, In addition, in 2017-18, SSMC has been taken soft loan from its
Director Mr. Vijay Kumar for its BPL women borrower.
OPERATIONAL MODEL : Joint Liability Group (JLG) –
A Joint Liability Group (JLG) is an informal group comprising preferably of 4 to10
individuals but can be upto 20 members, coming together for the purposes of availing bank
loan either singly or through the group mechanism against mutual guarantee. The JLG
members would offer a joint undertaking to the organization that enables them to avail
loans. The JLG members are expected to engage in similar type of economic activities like
crop production. The management of the JLG is to be kept simple with little or no financial
administration within the group. JLGs can be formed primarily consisting of tenant farmers
and small farmers cultivating land without possessing proper title of their land / rural
entrepreneurs engaged in non-farm activities.
Size of the JLG
The group should be formed preferably with 4 to 10 members (upto 20 members) to
enable the group members to offer mutual guarantee.
Formation of JLGs
Organization may initially form JLGs by using their own staff wherever feasible.
Organization may also engage business facilitators like NGOs and other individual rural
volunteers to assist organization in promoting the concept and formation of groups. The
JLGs of such eligible farmers can also serve as a conduit for technology transfer, facilitating
common access to market information; for training and technology dissemination in
activities like soil testing, training, health camps and assessing input requirements.
JLG Models
Organization can finance JLG by adopting any of the two models. Model A – Financing
Individuals in the Group: Model B – Financing the Group:
Credit Assessment The JLG would prepare a credit plan for its individual members and an aggregate of that is
submitted to the banks. Banks may evolve simple loan application for this purpose. The
individual members of JLG would be eligible for organization loan after the organization
verifies the individual members’ credentials.
Purposes of credit The finance to JLG is expected to be a flexible credit product addressing the credit
requirements of its members including crop production, marketing and other productive
and income generating purposes. organization may consider micro credit loan depending
upon the purpose of loan.
OPERATIONAL AREA: JAUNPUR DISTRICT
JAUNPUR- GEOGRAPHIC FEATURES
The district of Jaunpur is situated in the North-West part of Varanasi Division. Its land area
extends from 24.240N to 26.120N latitude and between 82.70E and 83.50E longitudes. Its
attitude varies from 261 ft to 290 ft. above M.S.L. (Mean Sea Level). The topography of the
district is mainly a flat plain with shallow river-balleys. Gomti and Sai are its main parental
rivers. Besides these, Varuna, Basuhi, Pili. Mamur and Gangi are the smaller rivers here.
The rivers Gomti and Basuhi divide the district into nearly four equal landmasses. The soils
are mainly sandy, loamy and clayey. Jaunpur district is often affected by the disaster of
floods.
There is a paucity of minerals. Excavations at some places yield to some rocks which are
burnt to make lime. The lime obtained from sand and gravel is used in buildings
construction work.
The temperatures of the district of Jaunpur lie between a minimum of 4.30C and a
maximum of 44.60C. Average annual rainfall is 987 mm.
The geographical area of the district is 4038 sq.km. The economic development of the
district is mainly dependent on agriculture. The chief cause of this is the absence of heavy
industry in the district. Several industries are coming up along the Varanasi Jaunpur
highway. A cotton mill is operational near Karanja Kala. At Satahariya too, about 85
industrial units like M/s Raja Flour Mill, Pepsico India Holdings, Howkins Cookers Limited,
Amit Oil & Vegetablle, Chaudharana Steel Limit, Saurya Aluminium are running.
The Animal Husbandry, a dairy unit is established. Three fourths of the population of the
district of Jaunpur is dependent on agriculture.
According to the 2001 census, the total population of the district is 39,11,305 in which
there are 19,75,729 women and 19,35,516 are men. Thus the male to female ratio is 1:1.02.
From the point of view of the female population, this district can be called a developed
district. The number of women is 1020 to every 900 men.
From the administrative point of view, this district has been divided into 6 tehsils (viz.
Sadar, Madiyahun, Machhalishahar, Kerakat, Shahganj and Badlapur) in order to maintain
law and order and speedily implement the developmental works.
Similarly, the district has been divided into 21 Development Blocks, viz: Sondhi (Shahganj),
Suithakala, Khutahan, Karanja Kala, Badlapur, Maharajganj, Sujanganj, Baksha,
Mungrabadshahpur, Machhalishahar, Madiyahun, Barsathi, Rampur, Ramnagar, Jalalpur,
Kerakat, Dobhi, Muftiganj, Dharmapur, Sikrara and Sirkoni. With a view to law
enforcement, the district has been divided into 27 thanas, viz. Kotwali, Sadar, Line Bazar,
Jafrabad, Khetasarai, Shahganj, Sarpatahan, Kerakat, Chandwak, Jalalpur, Sarai Khwaja,
Gaurabadshahpur, Badlapur, Khutahan, Singramau, Baksha, Sujanganj, Maharajganj,
Mungrabadshahpur, Pawara, Machhalishahar, Mirganj, Sikrara, Madiyahun, Rampur,
Barsathi, Nevadhiya and Sureri.
Out of 21 blocks of Jaunpur district, we are working in 4 blocks with.
MAP OF JAUNPUR
BORROWERS: COMMUNITIES SERVED
foremost center of the organization is to hand out toward women from disadvantaged
community, who can initiate their business and make contribution in increasing house hold
income. As on March, 2018 organization has lent MF loan to 778 borrowers. SSMC select
the villages where population of weaker section is high. Maximum borrowers of the
organization are from SC and OBC category. Community wise detail of borrowers is given in
the graph.
