G U Financial Services Private Limited came into light with an objective to transform the microfinance portfolio of Gram Utthan, an NGO-MFI operating in Orissa since 1990. As a part of the community development and livelihood promotion, Gram-Utthan ventured into Micro Finance program in the year 1996 and due to its effective delivery of credit mechanism, the total disbursement under the microfinance portfolio grew to Rs 148.77 crores by the end of 2008-09 covering 87117 across Seven district of Orissa.
The whole microfinance industry was feeling the pressure of further growth under the NGO form of organization and was in the process of searching for new option to achieve the desired growth. As a measure to face these challenges, an Increasing number of microfinance institutions (MFIs) are seeking non-banking finance company (NBFC) status from RBI to get wide access to funding, including bank finance. Banks were also looking to increase their exposure to microcredit sector through regulated entities only.
Keeping in view the immediate requirement of setting up an NBFC, the promoters went for acquiring an existing NBFC named Visudha Investment Pvt. Ltd registered with RBI Kolkatta. To accommodate the microfinance business, the Objects of the company were amended by inclusion of microfinance and other financial services and changed its objective from an Investment Company to a Finance Company. To establish a correlation of its existence to Gram Utthan, its name was also changed to G U Financial Services Private Limited after obtaining the NOC of the RBI. The fresh Certificate of Incorporation was issued by the ROC, West Bengal on dated 06th January 2010. Consequent to the change of the name, the company has applied for recording the amendment and issue of Certificate of Registration in the new name of the company to the RBI.
Since all the microfinance operation of the company is being carried out within the state of Orissa , for Management convenience, the Corporate Office of the company is established in Bhubaneswar.
Formation of Women Self Help Group ,Provide Financial Services,Active Involvement of different stakeholders in planning,,Reduction of gender discrimination.,Provide skill training ,Establishing network/Partnership. Perform advocacy on various issues through SROs.
data comming soon..
data comming soon...
data comming soon....
data comming soon....
data comming soon..
| Sl No |
Name of Branch |
| 1 |
Chandikhole Branch |
| 2 | Kuakhia Branch |
| 3 | Mangalpur Branch |
| 4 | Jajpur Branch |
| 5 | Pritipur Branch |
| Sl No |
Name of Branch |
| 1 |
Basudevpur Branch |
| 2 |
Tihidi Branch |
| 3 |
Bhadrak Branch |
| 4 |
Bpokhari Branch |
| 5 |
Chandabali Branch |
|
Portfolio Report as on 30th Apr'2017 (In Crs)
|
|
|
State
|
01
|
|
District
|
07
|
|
Villages
|
2274
|
|
SHG Formed
|
6328
|
|
Member
|
80350
|
|
Loan Disb.
|
141.94
|
|
No of Loans
|
25821
|
|
Outstanding
|
40.64
|
|
% of Recovery
|
99.98
|
|
Staffs
|
129
|
|
Branches
|
24 |
|
BC Portfolio (Yes Bank)
|
|
|
No of Groups
|
3512 |
|
No of Members
|
38090 |
|
Disb.Amount
|
75.58 Cr |
|
Loan Recovered
|
63.03 Cr |
|
Outstanding
|
12.55 Cr |
|
ROI
|
24% |
|
BC Portfolio (AROHAN)
|
|
|
Nos of JLGs
|
1946 |
|
No of Members
|
8582 |
|
Disb. Amount
|
22.63 Crs. |
|
Loan Recovery
|
5.51 Crs |
|
Outstanding
|
17.12 Crs. |
|
ROI
|
25.96 |
|
|
|
|
ROI
|
24%,26%, 25.96% Reducing |
|
LPF
|
1% |
|
Insurance per Rs.1000
|
Rs.4 |
Our Strategy
|
Our team members are experts, who have enough of knowledge, good and sound judgement and expertise to predict what you can and what you should do next.
|
 |
The drive to provide need based financial services to financially excluded households continuously with affordable cost at their doorstep has been successful. Though we have not increased significantly the outreach in last year, but the quality of services has been improved. The past year has been a fulfilling and successful year. This report celebrates some success stories as well as the efforts of our field and office staff to make it significant. Furthermore, this report will convey the color and vibrancy of the communities we serve as well as the people; Women, Children, Aged and the cherished friends. We are grateful to all clients and supporters of GUFSPL and every one of our employees. We are grateful to our board members who devote their valuable time each year to help us fulfill our mission. Hope that the Annual Report will be useful in sharing with our partners, well wishers and other stakeholders about our program. We solicit valuable suggestion, support and cooperation to rope in joint and collaborative efforts to expand our area of operation and program intervention. |
Govind Dash |
 Prasad Kuchibatla
Independent Director |
Sashibhusan Dash
Independent Director |
Ashok Agrawal
Independent Director |
 Gobinda Nayak
Director |
.jpg) Nilanchal Pradhan
Managing Director |
.jpg) Dr Pradip Mohapatra(COO)
|
.jpg)
Prakash Jena(IT)
|
.jpg) Kailash Rout(Operation)
|
.jpg) Krushna Pallai(Accounts)
|
.jpg) Akshaya Sutar(Audit)
|
.jpg) Saumya Patra(HR)
|
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.
Afrose Bibi (58)
OLD IN AGE BUT YOUNG IN SPIRIT
Data Coming soon...
Data Coming Soon
Kalyani Bhawan, Plot No- 606/2112,
Bharat Villa, At- Rudrapur,
Po- Naharkanta, Via- Balianta,
Bhubaneswar, Khordha, Odisha, India, 752101
Tel- (0674) 2463364
Email :: [email protected]
2017 © gufinance. All Right reserved | Privacy Policy. Developed by ::WAYINDIA
