Latest News

We reduced the interest rate to 24.50% from February 2018.

Operational Area

Our Impact

 
Portfolio Report as on 31st DEC'2017 (In Crs)
State
01
District
07
SHG Formed
10970
Member
102700
Loan Disb.
200.20
No of Loans
33249
Outstanding
54.80
% of Recovery
99.98 
Staffs
129
Branches
25
BC Portfolio (Yes Bank)
No of Groups
3547
No of Members
  38433
Disb.Amount
76.45 Cr
Loan Recovered
73.45 Cr
Outstanding
 03.43 Cr
ROI
24%
BC Portfolio (AROHAN)
Nos of JLGs
4910
No of Members
21406
Disb. Amount
55.34 Crs.
Loan Recovery
24.18 Crs
Outstanding
31.16 Crs.
ROI
25.96
 
ROI

24%,26%, 25.96% Reducing

LPF
1%
Insurance per Rs.1000
Rs.4

Success Stories

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Sasmita (19)

19 YEARS SELF – EMPLOYED

An unmarried girl named Sasmita (19) resides in the village Bajarpur of Rajkanika block of Kendrapada district. The story of Sasmita Nayak is about her struggle to become an expert on the field Agarbati making. To meet the financial needs of her family she got herself enrolled in the training provided by KPC on agarbati making in her village. After the training program KPC assured to provide raw materials and marketing as well at their doorstep .After getting the assurance she started working on agarbati making and earning Rs35/- to Rs40/- per day. She works hard and adopts the trade as her livelihood to improve the economic condition of her family.

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Suchitra Dash
Suchitra Dash with her newly connected water tank
Suchitra Dash, wife of Ashok Dash living her family at Sindol village in Tihidi Block of Bhadrak district .Her husband is driver blessed with one child .However, she applied to GU for water connection on 13th of October 2014 and received loan support Rs 10,000/-.The required technical support was too provided by GU . No she is no more going to distance place to fetch water. I am extremely happy to save my time and energy, says Suchitra.



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Afrose Bibi  (58)


OLD  IN   AGE  BUT  YOUNG  IN  SPIRIT

Afrose Bibi  (58) in Rajkanika block of Kendrapada district  has been working in carpet weaving centre ,she has 5 children .Her husband is wage labourer . Afroze Bibi was joined in carpet training centre on 24.10.2007. She was serious learner on weaving just like a student. She may be old in age but young in spirit. Even now she is very much ambitious to learn and earn. That’s why after three months of her training, she proved herself as a master trainer.

During her three months training period she was privileged to earn Rs 2381.43 in terms her daily cost (per day RS 79.38) Even now she is involved in carpet weaving and earning Rs.100/- per day without going anywhere.

Moreover, almost 7 women members were trained for the first three months. Now they have become self –reliant .In course of interaction the women members said “if we need  a few thousand rupees  today , it is possible for us to burrow it. But there was time when our women had not ever seen a five hundred rupee note “.Now they are engaged in weaving activities and earn some money and add it to their family income. They have claimed that their family is now to some extent financially sound.

However, Afrose Bibi has become a model in her village .She also inspires the women of the village to take up different economic activity and get involved in SHG movement earnestly.

 

Financial Services

 
We provide Microfinance services: We have more than 2 decades of experience in providing microfinance facilities to the rural populace. Our strength lies in understanding the functioning of the rural fi nancial market, which enables us to connect better with the clients. We are associated with the clients by providing various credit plus activities which help them to lead a better quality life.

Our focus is to alleviate poverty: We provide collateral free loans to the rural women through the SHG model. Our interest rates are as per the industry given standards. Our primary aim is to financially educate the rural population and provide development finance and eradicate poverty.

We have a definite geographical area of operations: Our activities are concentrated in the State of Odisha. Our definitive geographical coverage gives us a firm control over the given area. However, in due course of time with more flow of funds we have planned to venture into other states to mitigate the concentration risk.

We are an NBFC: We are an NBFC carrying out MFI activities since 2008 and being eligible to be converted into NBFC-MFI status, we have applied to RBI, Bhubaneswar for reclassification as NBFC-MFI.

 

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