7/29/2019 Micro Financing Unit

1/9

SVASTI MICROFINANCE PVT LTD.

Sushant ghadge.. 75

Debashish phanse..Swapnil turakane...117

7/29/2019 Micro Financing Unit

2/9

SVASTI MICROFINANCE PVT LTD MUMBAI

Introduction

Svasti is an urban microfinance operation started

in October 2008 to cater to the financial needs ofthe low income segment of society in Mumbai

Svasti started its operations by providing loans toWomen Joint Liability Groups. In the near future,it aims to become a comprehensive financialservice provider delivering customised loanproducts, facilitating savings and satisfyinginsurance needs of the people in the targetsegment

7/29/2019 Micro Financing Unit

3/9

CONTD

Svasti provides loans of Rs.10000 to Rs.20000 at

reasonable interest rates with minimal documentation, no

security, small and conveniently repayable installments, all

available to customers at their doorstep

Svastis loan products and services are fully compliant with

the RBI guidelines on priority sector loans issued in May

2011 pursuant to the recommendations of the Malegam

Committee

7/29/2019 Micro Financing Unit

4/9

WHAT DO SVASTI OFFER??

Customised Products :

Consequently, Svasti has among its objectives the

development of customized products and processes that

suit different customer profiles. Additionally, Svasti

understands the need to learn from the implementation of

each of its products and accept changes.

The segment of society that Svasti intends to serve, there

exists a diverse range of people with differing needs,

profiles and ability Svasti is of the belief that one loanproduct cannot satisfy the requirements of these customers.

7/29/2019 Micro Financing Unit

5/9

CONTD..

Comprehensive Financial Services

The low income segment of society at present is faced with

a serious lack of financial service providers and

consequently financial products. The options for a loaninclude formal sources like Cooperative Banks and informal

sources like Local Chit Funds and Moneylenders. Only

banks exist provide Savings products but the task of

opening and operating a bank account seems too onerous

for our target audience in spite of the changes made as part

of the financial inclusion drive by the RBI. There are few

insurance service providers who have the low income

segments are part of their plans.

7/29/2019 Micro Financing Unit

6/9

EMPLOYEES OF SVASTI

Young, eager to learn, good communicators The driving force behind Svasti are its field staff.

Svasti has three levels of field staff at the

branches : Customer Relationship Manager (CRMs) who arethe interface with Svastis customers

Branch Managers (BMs) who manage the CRMs,the running of a branch and quality of the portfolio

originated Unit Managers (UMs) who are responsible for a

geographical area consisting of 2 branches

7/29/2019 Micro Financing Unit

7/9

PARTNERS AND INVESTORS OF SVASTI

Michael and Susan Dell Foundation

Blue Orchard

Kotak Mahindra Bank GroupMicrosave

ABN Amro Foundation India

Social Microfinance Foundation

7/29/2019 Micro Financing Unit

8/9

CUSTOMERS OF SVASTI

Svastis loan customer is a person with a need for small loansand the ability to repay them and comply with Svastis rules. Theidentification of this need and ability drives the core of productsand processes.

Svastis customers come from different occupations ranging from

tailors to caterers to vendors. Svasti intends to increase reach among

customers by: Increasing the scope of financial services offered to

existing segments covered by Svasti

Increase the coverage of customers to all people inthe low income segment of society, not just womenwho can form groups.

7/29/2019 Micro Financing Unit

9/9

THANK YOU