Operations: Methodology, Operational and Financial Figures


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.

Operational Details

 Sl.  Particulars  Amount (in Rs)
1 Loan Disbursement Since 2006 38,40,69,300
2 Members Disbursed Since 2006 30,838
3 Loan Outstanding-as on March 31, 2020 3,04,26,643.00
4 Active Clients-as on March 31, 2020 2485
5 Disbursement FY 2019-20 3,29,34,000.00
6 Groups-outreach-as on March 31, 2020 17333
7 Members-as on March 31, 2020 4256
8 Portfolio at Risk 0
9 Current Repayment Rate 100%