Mission
SONATA has set itself a mission to "identify and motivate poor women in a cost-effective way and deliver them micro finance services in an honest, timely and efficient manner."
In the meantime, SONATA commits to be professionally managed, operationally sustainable and financially profitable.
About Us
Goals of Sonata
SONATA has 3 main goals:
- Providing financial resources to enable poor women of rural, semi urban and urban communities to come out of poverty and get connected with formal financial institutions. SONATA's ambition is to ensure that at least 50% of people who enter the program cross the poverty line within 5 years of participation in the program.
- Developing a scaleable and growing business that covers a significant number of poor households while maintaining portfolio and service quality. In 5 years SONATA intends to serve more than 200,000 families.
- Providing returns to its investors to make it an attractive investment opportunity. Micro Finance Insitutions (MFI's) replicating the original Grameen approach usually require between 5-10 years to achieve breakeven and sustainability. SONATA however plans to breakeven by FY 2009, thanks to its fast track growth model.
