It is with the support and the common vision that we share with our partners that we have been able to establish ourselves as a learning and a growing institution and strive hard towards better life for a large section of un/under privileged community that we work with.
The Bellwether Microfinance Fund
The Bellwether Microfinance Fund has been conceived by a small group of experienced Indian microfinance professionals and foreign investors as a Equity-Debt Fund, independently managed and run by professional fund managers. A US$ 20 million fund, Bellwether is the first fund in India dedicated to investing in the equity and debt of microfinance institutions across the country that are in line with the Fund's mission and investment philosophy.
Friends of Women's World Banking
Friends of Women's World Banking (FWWB) was established in 1982 as an affiliate of Women's World Banking. It's initial activities were limited to guarantee of bank loans to poor women in the state of Gujarat and counseling on savings and credit to women groups. In 1989 the byelaws were modified to take up a larger role in the areas of financial services for poor women beyond the state of Gujarat. The scope of its activities in Microfinance, as well as its geographical coverage, increased to 91 organisations in 12 states as on March 2006. FWWB India has adopted a 'Credit Plus' approach and its current activities include two broad program areas. FWWB India has a Revolving Loan Fund, which serves to refinance partner organizations that provide financial services to the poor. FWWB India also supports these partner organizations by the provision of institutional development programs to expand their capacity to manage credit and savings activities. In addition to above, FWWB has also been involved in micro insurance, supporting innovations in Microfinance etc.
FWWB India Website
HDFC Bank's mission is to be a World-Class Indian Bank. The objective is to build sound customer franchises across distinct businesses so as to be the preferred provider of banking services for target retail and wholesale customer segments, and to achieve healthy growth in profitability, consistent with the bank's risk appetite.
ICICI Bank is India's second-largest bank with total assets of about Rs.1,676.59 bn(US$ 38.5 bn) at March 31, 2005 and profit after tax of Rs. 20.05 bn(US$ 461 mn) for the year ended March 31, 2005 (Rs. 16.37 bn(US$ 376 mn) in fiscal 2004). ICICI Bank has a network of about 573 branches and extension counters and over 2,000 ATMs.
ICICI Bank Website
Axis Bank was the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation Ltd. and other four PSU companies, i.e. National Insurance Company Ltd., The New India Assurance Company, The Oriental Insurance Corporation and United Insurance Company Ltd. The Bank today is capitalized to the extent of Rs. 281.63 crore with the public holding (other than promoters) at 56.89%.
Axis Bank Website
ABN AMRO Bank
ABN AMRO Bank offers microfinance in India, to fulfil its mission of Sustainable Development. The bank believes microfinance is a very powerful tool that can be used effectively to address poverty, empower the socially marginalised poor and strengthen the social fabric. Especially when directed at women, the benefits of microfinance multiply many folds. Through microfinance, the bank believes, human as well as financial capital can be enhanced for the future to leave behind a better world for our children. The microfinance program of the bank is aimed at delivering credit to the target community, through Microfinance Institutions (MFIs).
ABN Amro Website
SIDBI a wholly owned subsidiary of IDBI was established in 1990 for promotion, financing, development of industry in small scale sector. SIDBI Foundation for micro credit (SFMC) was launched by the bank in january 1999 for channelising funds for the poor in line with the success of pilot phase of Micro Credit Scheme. SFMCs mission is to create a national network of strong, viable and sustainable microfinance institution (MFIs) for the informal and formal financial sector to provide micro finance services to the poor, specially women.
DCB is one of the emerging private sector banks in India. It was converted into a scheduled commercial bank in May 1995. It was the only cooperative bank, which successfully crossed over and thrived in the face of change. It created its own microfinance business with the help of Aga Khan Development Network (AKDN), the manager of a network of ten microfinance institutes MFIs. The banks principle owner is Aga Khan Fund for Economic Development (Akfed), an agency with AKDN which holds 68% of the stake in the bank.
Yes bank launched Yes Microfinance India, a specialized and dedicated division focused on developing a pioneer strategy of Direct Intervention for Microfinance. For this, Yes Bank has entered into a memorandum of Understanding for technical collaboration with ACCION International, a leading global microfinance institution.