Message From the Desk of Managing Director

Hello friends and well wishers!

Welcome to our website. We are glad to learn your interest to know about us. Grameen Sahara, a development support organization, was set up in the year 2002 and began its journey with development activities focusing on sustainable livelihood. In 2007 Grameen Sahara started microfinance activity in a very small way at Chhaygaon development block under Kamrup district of Assam. We started growing and have disbursed over Rs.1000 millions to 23,000 families in Assam, Meghalaya and Nagaland. We have got a strong committed team both at the head office as well as in the field offices. Grameen Sahara has got quite a few number of development programs on supporting livelihoods, employment, skills, and education. Agriculture based livelihood has been a focus area. Including microfinance it has been able to reach 40,000 families. The development and livelihood programs are carried on by Grameen Sahara which is a not for profit Society. Whereas, financial services are being delivered through Grameen Development & Finance Pvt Ltd (GDFPL) incorporated under Companies Act 1956 and also registered as a Non Banking Finance Company – Microfinance Institution (NBFC-MFI) with Reserve Bank of India. Both the entities share a symbiotic relationship. Intended bottom lines and values are fulfilled through the actions of these institutions. Grameen Sahara and GDFPL work hand in hand to fulfill its mission. Whatever has been achieved would not have been possible without the support and guidance of our lenders, donors and well wishers. We have immensely benefitted by its experienced board who come from diverse fields. The hard work and commitment that our team members have put is highly commendable. Most importantly the beneficiaries and clients are the source of inspiration I take this opportunity to thank all of you including each of the board members, friends, well wishers, clients, beneficiaries and my colleagues for your / their support, cooperation and contributions in building the institution. We look forward for your continuous support and cooperation so that we can continue to keep our commitments to the poor and underprivileged families in the region. Thank you one and all! Hope you enjoyed browsing through our website!


Mission

To provide quality, customer responsive service and facilitate technical services to the poor and the under-served in order to support sustainable livelihood. While doing so Grameen Development & Finance Pvt. Ltd. microfinance services will strive to emerge as a self-sustaining and robust financial institution


Vision

To emerge as the most preferred MFI supporting hundred thousand livelihoods in the north eastern part of India by 2018.

Objectives

To Improve the pace and quality of life of the rural and urban poor especially the village and decentralized sector.

  • To Focus attention on the women, children, scheduled castes, scheduled tribes, minorities and other backward communities for economic self-sustenance.
  • To Create, develop and support self employment avenues for the educated unemployed rural and urban youth.
  • To Build social capital that will be used by the community and for the community.
  • To Utilize optimally all the available natural, social, economic and other resources for the well being of the community.

  • Our Philosophy

    GDFPL holds the same philosophies as some of the renowned personalities, who have shared their vivid views on microfinance. These are as follows:

    »  According to Jonathan Morduch, Chair, UN Expert Group on Poverty Statistics, "Microfinance stands as one of the most promising and cost-effective tools in the fight against global poverty."

    » According to Pierre Omidyar, Ebay Founder and Chairman, "Microloans enable the poor to lift themselves out of poverty through entrepreneurship."

    » According to Natalie Portman, American Actress, Producer, and Director, "Microcredit is about giving hope. Small loans can transform lives, especially the lives of women and children. The poor can become empowered instead of disenfranchised. Homes can be built, jobs can be created, businesses can be launched, and individuals can feel a sense of worth again.”

    » According to Kofi Annan, Secretary-General of UN, "Microfinance recognizes that poor people are remarkable reservoirs of energy and knowledge. And while the lack of financial services is a sign of poverty, today it is also understood as an untapped opportunity to create markets, bring people in from the margins and give them the tools with which to help themselves."

    » Grameen Development & Finance Pvt. Ltd, the brain child of some likeminded people, believes in similar holistic development of society as depicted above. It is a company acquired by Grameen Sahara in the year 2010. From its inception GDFPL has maintained its philosophy of spreading hope among the underserved and has been quite successful in its endeavor. Our company has a dream to serve all the underserved people of Northeast and India and create such an impact that people use our name as a synonym for microfinance.

    » We believe that GDFPL would be able to realize this dream by being the catalyst for development and thus create a social impact by enabling the individuals and communities to rise above the restrictive conditions to better their life.


    Values

    Our ‘VALUES’ are synonymous with that of our envisaged VISION. We at GDFPL not only value the ‘VALUES’ set by us but also work to attain those. Some of these are as follows:

  • >Good Governance:
  • Refers to our good-decision making and implementing process, wherein while executing our microfinance programme or any non-financial services we follow the rule of law. Further, our governance is accountable, responsive, participatory, and efficient in reacting to any circumstances related to clients, employees, or other stakeholders.

  • Competency:
  • Refers to the ability to do the job properly. At GDFPL our employees possess the knowledge, skills, abilities, and appropriate behavior required in the workplace. This creates value not only for our clients, but also for our investors and other stakeholders.

  • Transparency:
  • Indicates the clarity of work and work practices at GDFPL, for which we are trusted by our clients and our investors. We are very clear regarding our interest rates we charge from our clients and all others aspects associated with our loans. Apart from this, we maintain clarity and produce all the relevant data and information to the regulatory bodies, Credit Information Bureaus (CIBs), etc.

  • Reliability:
  • Refers to the trustworthiness and dependable feature of GDFPL. Here at GDFPL our processes of working and decision-making are strong and reliable as it is backed by the knowledge and experiences of experts from diverse backgrounds.

  • Client Satisfaction:
  • Refers to the feel good factor of the clients associated with GDFPL. To ensure client satisfaction, we very strictly follow the codes of conducts being translated by the RBI, and the SROs associated with us. Apart from this we give utmost attention to the grievances of the clients and attend to them as quickly as possible. This has created value for us and our clients as it is evident from our increase in clients, which has grown 377% from 2087 in March 2014 to 9975 in March 2015.

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     Our OutReach As on:-
    30-07-18
    3 No of States
    11 No of Districts
    22 No of Branches.
    107 Total Staffs.
    29.89 Loan Outstanding in (CR)
    99.53 % Repayment Rate
    0.88% PAR > 30 Days
        Product & Services

    The Company offers following set of microfinance services:

     JLG loans for working capital needs and income generation.

     Individual loans for working capital and asset creation for existing business.

     Insurance (In collaboration with Bajaj Allianz.

     Credit Plus Services.

    In short, the Company provides loans to both men and women for meeting their working capital needs and diversifying income sources by taking up livelihood activities and also for up scaling existing businesses through assets creation. It works with poor as well as not so poor categories of people living in both rural and semi urban areas. The following table describes about the different features of the Loan products offered by the Company.



        JLG & Individual Loan

    Purpose:-Income Generation

    Loan Amount:- INR 10000-60000/- in first cycle and maximum INR 10000/- increment in next cycle.

    Rate of Interest:- Maximum 24% reducing rate per annum.

    Loan Processing Fee:- 1% of gross loan amount.

    Security:- NIL

    Membership Fee:-NIL

    Repayment Period:- 1 to 2 years (When loan amount>Rs 30,000/- Repayment period is 2 years.)


    The Company’s loan product is exclusively offered for income generating activities and thereby 100% of its loan portfolio is exclusive for income generating activities. The Company offers following values with its services:

     » Easy and simple process of accessing its services.

     »  Door step delivery and collection of loans.

     » Less time consuming procedures.

     » Different repayment schedules for different segments in accordance to RBI norms.

     » Facilitate need based technical services.

     » Facilitate insurance services.