G U Financial Services Pvt. Ltd (GUFSPL) a Non- Banking Financial Companies- Micro Finance Institution has been providing micro credit services since 2008. It registered as a NBFC with RBI, Bhubaneswar in the year 2013 and incorporated in the year 1989 under the companies Act, 1956. GUFSPL is a prominent venture for financial inclusion aspires to provide products and services in micro credit space in order to promote financial inclusion in Odisha.
We have been working for financial inclusion of underprivileged section of the society since our inception. We provide micro credit for Income Generating Activities (IGA), Micro Housing (MHL), Water, Sanitation & Hygiene (WASH) and Micro Enterprises.
We provide collateral free loans to the rural women through the Group/JLG model. The interest rates we offered are as per the industry given standards. The primary aim of GUFSPL is to financially include the rural population to improve their economic condition.
We are operating through a network of 31 branches, spread across 10 districts of Odisha.
|
Mr.Govind Chandra Dash |
Mr.Sashibhusan Dash Managing Director |
Mr. Prasad Kuchibatla Independent Director |
Mrs. Sanjukta Raiguru Independent Director
|
Mr. Gobinda Chandra Nayak Director
|
| Sl No |
JAJPUR DISTRICT |
| 1 |
Chandikhole Branch |
| 2 | Kuakhia Branch |
| 3 | Mangalpur Branch |
| 4 | Jajpur Branch |
| 5 | Pritipur Branch |
| 5 |
Vyasanagar Branch |
| Sl No |
BHADRAK DISTRICT |
| 1 |
Basudevpur Branch |
| 2 |
Tihidi Branch |
| 3 |
Bhadrak Branch |
| 4 |
Bpokhari Branch |
| 5 |
Chandabali Branch |
| 6 | Bonth Branch |
|
Portfolio Report as on 31-AUGUST-2018
|
|
|
State
|
01
|
|
District
|
10
|
|
No of SHG
|
8601
|
|
Member
|
86981
|
|
Loan Disb.
|
303.23 Crs
|
|
No of Loans
|
44469
|
|
Outstanding
|
94.17 Crs
|
|
% of Recovery
|
99.98
|
|
Branches
|
31 |
|
ROI (%)
|
24 - 24.50 |
|
Insurance per Rs.1000 (P.A)
|
Rs.4 |
Our Strategy
| 1. Increase in the area of operation by opening new branches. 2. Formation of new Groups/JLGs. 3. Product Diversification- addition of Housing Repair loan and small Enterprise loan. 4. Developing new partnership with various prospective Lenders. 5. Raising debt funds at competitive rates from commercial banks and NBFCs. 6. Infusing equity from PE / Venture funds. |
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
Managing Director |
Gobinda Nayak
Director |
.jpg) Sanjukta Raiguru
Independent Director |
|
.jpg) Santosh Mishra(COO)
|
.jpg) Prakash Jena(IT)
|
.jpg) Kailash Rout(Operation)
|
.jpg) Krushna Pallai(Accounts)
|
.jpg) Akshaya Sutar(Corpt. Head)
|
Uttam Nayak(Audit Head)
|
|
Saswat Sarangi, Asst, HR Manager
|
Asmita (19)
19 YEARS SELF – EMPLOYED
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 financial 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.
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 financial 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.
Kalyani Bhawan, Plot No- 606/2112,
Bharat Villa, At- Rudrapur,
Po- Naharkanta, Via- Balianta,
Bhubaneswar, Khordha, Odisha, India, 752101
Tel- (0674) 2463364
www.gufinance.com
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