VAMA

Bal-Mahila Vikas Samiti

Operations: Methodology, Operational and Financial Figures

Methodology

VAMA originally began by using the Self-Help Group (SHG) model, forming groups of 10 members of similar socio-economic background. These members were given 4 days of training and then required to save for 3 months before getting a loan. However, now VAMA has discontinued the formation of new SHGs and begun promoting Joint-Liability Groups (JLG). The JLG model will help VAMA to develop efficient and sustainable operations that will expand outreach quicker to the poor and unbanked populations in its operating areas within Madhya Pradesh.

At VAMA, JLGs are formed with 5-7 members and, following three days of Compulsory Group Training (CGT) and successfully passing a Group Recognition Test, are able to access loans immediately. Disbursements take place at the Branch or Head Office, whereas repayment is at the members “doorstep”, occurring during the group meeting.

 

Some Important Operational and Financial Figures

Active No. of clients - 3252
Members - 7701
Loan portfolio - Rs.30,209,660.00
No. of groups -1511
Average loan size Rs.11,934

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Audit Report 2017-18 (PDF Document)

Annual Report 2016-17 (PDF Document)

MF Scan December 2015 (PDF Document)

MF Scan March 2017 (PDF Document)

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Find us:
9-C, Maharana Pratap Nagar, Usha Colony,
Lashkar, Gwalior-474009
Madhya Pradesh, India

Call us:
91-90094-43110
91-95756-09090
91-751-4072566
Email: vama1988@rediffmail.co.in, bmvs1988@yahoo.co.in

Our Other Website:
VAMA Pvt ITI

Constitution:

VAMA is registered under M.P Society registration Act 1973

Date of Registration: 14th December 1988, Registration No: 21087

Registrations: Registered under the provisions of sec-12 A and 80-G of Income Tax Act-1961,

PAN: AAATB5621Q,

Credit Rating: MF-4 by SMERA

TAN: BPL B03628 C

Planning Commission of India : MP/2009/0008908

FCRA No. 063280015, Dated 22 August 2000

ISO 9001:2000 Certified