Chirag is the name of our Community Based Microfinance program.
Chaitanya is one of the pioneers of community based micro-finance
institutions in Maharashtra, India. It facilitated the formation of
Grameen Mahila Swayamsiddha Sangh, the first federation of self help
groups (SHGs) in Maharashtra. Initially SHGs came together to form an informal association which was later registered as a charitable society. GMSS is located in the Khed block of Pune district.
As of July 2009, Chaitanya has facilitated the setting up of fourteen
federations in seven districts of Maharashtra; seven federations in Pune
district, one federation each in Ahmednagar, Nashik, Satara, Sangali
and Nandurbar districts, and two federations in Dhule district. The
federations in the Pune district are located in Khed, Ambegaon, Junnar,
Daund, Manchar, Shikrapur and Belhe blocks.
Goal
To provide equitable and affordable financial services to women through the formation of federations in all districts of Maharashtra.
Objectives
- To organize women into strong and sustainable self help groups, clusters and federations as a forum for sharing, learning, planning and monitoring
- To provide financial services such as savings, credit and insurance to the members
- To promote federation linkage with institutions like the Small Industry Development Bank of India and Friends for Women World Banking to meet the financial needs of the members
- To provide technical services to the federations like audit, MIS, financial management, facilitating ratings and linkages with banks.
Major activities
- Map scope of Chirag Unit
- Coordinate and plan meetings between Districts, NGOs, Blocks, and Villages
- Implement awareness programme
- New group formation programme
- Cluster and federation programme
- Conduct exposure visits
- Launch insurance products
- Coordinate with the Government and link their groups with the federations
- Disburse loans and collect repayments
- Coordinate training programme for financial management, coordination, and default management
- Develop Monitoring Information System
|
|
Outreach data as on December 2010
| Members, |
34930 |
| SHGs |
2459 |
| Villages |
520 |
| Clusters |
212 |
| Federations |
15 |
Savings in Rupees
|
9927946 |
Fixed Deposits in Rupees
|
12557740 |
Loan outstanding in Rupees
|
72387586 |
Progression 2006-2010
| |
2006-07 |
2007-08 |
2008-09
|
2009-10
|
| Members |
13524 |
16226 |
20662 |
31432 |
| SHGs |
966 |
1159 |
1473 |
2221 |
| Villages |
173 |
176 |
310 |
444 |
| Clusters |
51 |
66 |
108 |
158 |
| Federations |
3 |
9 |
9 |
14 |
|
|
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