PROJECT ON

GRAMA VIDIYAL MICROFINANCE PVT LTD (GVMFL)

SUBMITTED BY

MAYUR KIRITKUMAR DAVE

PGDM SEM IV

ROLL NO 03

SUBMITTED TO

PROF. SANTOSH KUMAR

ATHARVA SCHOOL OF BUSINESS

GVMFL

Microfinance, contrary to its name, is making a macro level change in the global poverty alleviation initiatives. Mr. S Devaraj, the Chairman & Managing Director of GVMFL, after his initial exposures to Grameen Bank of Bangladesh, had adopted microfinance as a tool to fight poverty in South India. His programs of financial inclusion through Grama Vidiyal Trust had been making remarkable change in the lives of many women and their families since its inception in 1997. The decade long expedition to bring the poverty alleviation initiatives of Mr. S Devaraj under a sustainable legal format, paved way for the formation of Grama Vidiyal Microfinance Limited (GVMFL), a Non-banking Finance Company (NBFC) registered under the Company's Act, 1956.

Presently, GVMFL is one of the renowned and the largest microfinance institutions across the planet in terms of its outreach and large credit portfolio. As of now, its serves one million households in 4 states of the country utilising the dedicated services of more than 2800 employees. Thus far, GVMFL had disbursed `18 billion ($398 million) for various income generating activities and the present loan outstanding portfolio is `6 billion ($128 million). It has in store five types of credit and credit-plus products. With the varied products, GVMFL not only aims at achieving the economic sustainability of its women members, but also facilitates holistic empowerment of women and their families in social and cultural fronts.

Vision

A value based, poverty free, productive, Prosperous, humane and sustainable "Grama Vidiyal" Family

Mission

To empower women of the poorest families socially, economically and politically through networking them into community institutions and through efficient poverty alleviation and microfinance program

Values

Spirit, Team Work, Accountability & Resourcefulness with Unyielding Integrity and Social Focus

Quality Statement

They are committed to products and services, with effective planning, process and technology to achieve utmost customer satisfaction through continuous improvement and teamwork our employees.

Objective

Their objective is to focus on eradication of poverty and improving the standard of living of downtrodden women.

Grama Vidiyal Micro Finance Pvt Ltd (GVMFL)

Name Grama Vidiyal Micro Finance Pvt Ltd

Headquarter Tiruchirappalli, Tamil Nadu

Legal Status Pvt. Ltd. Company (NBFC)

Lending Model JLG

Number of Branches 126

Loan Outstanding (` Mn)1,316

Borrowers 288,311

Net Worth (` Mn)231

Portfolio Yield (%) 32.46

OSS (%) 141.53

Current Portfolio (%) 99.54

Debt to Net Worth (Times) 4.95

PARTNERS

Grama Vidiyal Microfinance Limited. {Free services given to calamities affected area.}

Free vital materials and food assistance worth of Rs.20 lakhs provided to cyclonic storm affected communities.

The very severe cyclonic storm, Thane ended many lives dead and causes extensive damage to cuddalore and other neighboring districts in tamilnadu. More than 18,000 women members of Grama Vidiyal and their dwellings were in endanger of seeking immediate support and many houses roofs and wall collapsed. It also made the districts inaccessible by the damaged road networks, transport, communication and rescue operations are severely damaged which having difficulty in reaching the communities for any immediate assistance as many people were displaced and their standing paddy fields were also destructed naturally.

But inspite of that, Grama Vidiyal rushed to their vicinity for early intervention and distributed free vital materials, food assistance and dry rations to the victims. Over 150 villages were covered under this emergency relief program offered by Grama Vidiyal.

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