ANNAPURNA LAUNCHES CROP LOAN FOR SMALL AND … · Gross Portfolio (INR Mn) 3982 4630 5667 Growth %...
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e - SAMPARK Volume V, Issue 4 OCTOBER 2015 OPERATIONAL HIGHLIGHTS GROSS PORTFOLIO KEY RATIOS “Establishment of a self -sustainable and economically empowered rural, tribal & sub-urban society” FINANCIAL AND OPERATIONAL UPDATES ANNAPURNA MICROFINANCE PVT. LTD. CORPORATE OFFICE: PLOT NO: 1215/1401, KHANDAGIRI BARI, BHUBANESWAR, ODISHA, INDIA 751030 E: [email protected] ; P: +91-674-2350253; F: +91-674-2351796; Website: ampl.net.in DER 5.2 OP EX* 7.5 FIN EX 13.8 NIM 9.5 ROA 2.7 ROE 14.0 0.0 5.0 10.0 15.0 0 1000 2000 3000 4000 5000 6000 QE Dec 2014 QE Mar 2015 QE Jun 2015 QE Sep 2015 2859 3982 4630 5667 (IN MILLIONS) Mar-15 June-15 Sep-15 States 6 6 7 Branches 116 132 157 Members (‘000) 418 481 567 Loan Disbursed (YTD) (INR Mn) 4506 1533 2096 Gross Portfolio (INR Mn) 3982 4630 5667 Growth % 134 16 22 Total Assets (INR . Mn) 4833 5320 6326 Net worth (INR Mn) 877 901 977 Managed Portfolio (INR Mn) 707 601 730 ANNAPURNA LAUNCHES CROP LOAN FOR SMALL AND MARGINAL FARMERS Annapurna started the Pilot of its Crop Loan in the month of July. The small and marginal farmers face difficulty in getting timely credit as per their needs. Because of this, they rely of local money lenders, to get immediate credit at higher interest rates. Also, the usual cash flow in farming is seasonal. Because of this, a farmer may not always be able to pay monthly instalments. To address this problem, Annapurna made this product which is highly flexible, and the farmer can borrow in variable loan sizes depending on his crop. The credit facility would be available to them at the beginning of the season without any delay. Also, the farmer will have a variety of flexible repayment schedules to choose from as per their needs. Options for bullet payments, balloon repayment, and flexible moratorium period are available. Apart from this, the Company is providing optional weather based crop insurance to farmers. The crop loan pilot is funded by Hivos and the product was designed with Technical assistance from Enclude. This is group loan for growing vegetables and other agricultural products. Annapurna has started providing the loans in JLG model to the farmers. The pilot has been started in Odisha, in the areas having higher cropping intensity, and double cropping. FARMERS JLG RECEIVING CROP LOAN AT BRANCH OFFICE ANNAPURNA’S MFI GRADING UPGRADED TO ICRA M2+ (M TWO PLUS) Annapurna takes the pleasure to announce that the MFI Grading of the Company has been upgraded by ICRA to M2+ from M2, which is just one notch below the top grading score. It shows that Company is showing greater signs of sustainable business, through constant self-improvement in its operations and processes. *Opex is on a higher side because the company is in an expansion Phase. In FY 16 upto Q2, Annapurna has opened 41 new branches which has Increased the operational expense of the company. Employee benefit expense has also increased considerably from 520.25 lacs to 1339.24 Year on Year with hiring of new staffs.
Transcript of ANNAPURNA LAUNCHES CROP LOAN FOR SMALL AND … · Gross Portfolio (INR Mn) 3982 4630 5667 Growth %...
e-SAMPARKVolume V, Issue 4
OCTOBER 2015
OPERATIONAL HIGHLIGHTS GROSS PORTFOLIO KEY RATIOS
“Establishment of a self -sustainable and economically empowered rural, tribal & sub-urban society”
FINANCIAL AND OPERATIONAL UPDATES
ANNAPURNA MICROFINANCE PVT. LTD.CORPORATE OFFICE:
PLOT NO: 1215/1401, KHANDAGIRI BARI, BHUBANESWAR, ODISHA, INDIA 751030E: [email protected]; P: +91-674-2350253; F: +91-674-2351796; Website: ampl.net.in
DER
5.2
OP EX*
7.5
FIN EX
13.8
NIM 9.5
ROA
2.7
ROE
14.0
0.0
5.0
10.0
15.0
0
1000
2000
3000
4000
5000
6000
QE Dec2014
QE Mar2015
QE Jun2015
QE Sep2015
2859
3982
4630
5667
(IN MILLIONS)
Mar-15 June-15 Sep-15
States 6 6 7
Branches 116 132 157
Members (‘000) 418 481 567
Loan Disbursed(YTD) (INR Mn)
4506 1533 2096
Gross Portfolio (INR Mn)
3982 4630 5667
Growth % 134 16 22
Total Assets (INR . Mn)
4833 5320 6326
Net worth (INR Mn) 877 901 977
Managed Portfolio (INR Mn)
707 601 730
ANNAPURNA LAUNCHES CROP LOAN FOR SMALL AND MARGINAL FARMERS
Annapurna started the Pilot of its Crop Loan in the month of July. The small
and marginal farmers face difficulty in getting timely credit as per their
needs. Because of this, they rely of local money lenders, to get immediate
credit at higher interest rates. Also, the usual cash flow in farming is
seasonal. Because of this, a farmer may not always be able to pay monthly
instalments. To address this problem, Annapurna made this product which is
highly flexible, and the farmer can borrow in variable loan sizes depending
on his crop. The credit facility would be available to them at the beginning of
the season without any delay. Also, the farmer will have a variety of flexible
repayment schedules to choose from as per their needs. Options for bullet
payments, balloon repayment, and flexible moratorium period are available.
Apart from this, the Company is providing optional weather based crop
insurance to farmers. The crop loan pilot is funded by Hivos and the product
was designed with Technical assistance from Enclude. This is group loan for
growing vegetables and other agricultural products. Annapurna has started
providing the loans in JLG model to the farmers. The pilot has been started in
Odisha, in the areas having higher cropping intensity, and double cropping.FARMERS JLG RECEIVING CROP LOAN AT BRANCH
OFFICE
ANNAPURNA’S MFI GRADING UPGRADED TO ICRA M2+ (M TWO PLUS)
Annapurna takes the pleasure to announce that the MFI Grading of the Company has been upgraded by ICRA to M2+
from M2, which is just one notch below the top grading score. It shows that Company is showing greater signs of
sustainable business, through constant self-improvement in its operations and processes.
*Opex is on a higher side because the company is in an expansion Phase. In FY 16 upto Q2, Annapurna has opened 41new branches which has Increased the operational expense of the company. Employee benefit expense has alsoincreased considerably from 520.25 lacs to 1339.24 Year on Year with hiring of new staffs.
Annapurna spearheadedtraining on Mushroomcultivation at Choudwarbranch on 30th July,2015 with assistancefrom Nigam Institute forGoverning Activities ofMass. The main objectiveof the training was toprovide self-employmentopportunity for livelihoodpromotion to the existingSHG members.
The choice of the type oftraining to be conductedwas given to theparticipants by theBranch Manager. Thirtytwo members voluntarilyparticipated in theprogramme and wereimparted theoretical andpractical training onMushroom cultivation.Post training, membersacknowledged theviability of mushroomfarming business throughthe programme and evenappreciated the initiativemade by Annapurna.
MUSHROOM CULTIVATION TRAINING
“Establishment of a self -sustainable and economically empowered rural, tribal & sub-urban society”
ANNAPURNA MICROFINANCE PVT. LTD.CORPORATE OFFICE:
PLOT NO: 1215/1401, KHANDAGIRI BARI, BHUBANESWAR, ODISHA, INDIA 751030E: [email protected]; P: +91-674-2350253; F: +91-674-2351796; Website: ampl.net.in
Financial Literacy to fuel financialinclusion is of paramount importance forour nation’s development. With theobjective of empowering rural women ,Annapurna has earmarked 15th of eachmonth as Financial Literacy TrainingDay. In the month of May the trainingwas organized in 30 branches across 5states of operation ( Odisha,Chhattisgarh, M.P, Maharashtra andJharkhand). Approximately 1000 womenSHG members participated in thetraining. The training was given to SHGwomen in order to provide a set offinancial skills and knowledge which willallow them to make informedjudgements about money or financialservices that is suited for one’s needs.Information regarding handling ofmoney, savings , expenditure and debtmanagement was also discussed withthe participants. Role play was alsodone during the training program forbetter understanding of the concept ofFinancial Literacy. In order to test theunderstanding of participants on thetopics discussed, quiz competition wasorganized by the organiser andwinners were felicitated. In thefeedback of the participants thisinitiative was appreciated by themembers.
LITERACY TRAININGS & HEALTH AWARENESS
REFRESHER TRAININGS
Refresher trainings wereconducted in differentoperational zones ofAnnapurna, like Nayagarh,Sambalpur, Khurda, andBhawanipatna in August,2015 by the managers of allthe departments ofAnnapurna. The objective ofthis training was to make thebranch staffs aware aboutorganization’s new creditpolicy, audit rules and alsoabout the upcoming productsof Annapurna.The COO addressed the staffregarding adherence to thepolicies, portfolio quality andserving clients in rural areas.He also stressed upon regulartraining in the branches andkeeping updated with thelatest RBI regulations andbest practices.The participants were FieldCredit Officer (FCOs),Development Officers (DOs),Assistant Branch Managers(ABMs) and Branch Managers(BMs).
WORLD HUMANITARIAN DAY
On 19th August, 2015 People’sForum observed the WorldHumanitarian Day. A rally wasorganized in which studentsfrom different schools andcolleges had participated.Followed by the marchprocession, was an eventorganized at IDCOLAuditorium which wasattended by a wide array ofindividuals including socialactivists, academicians,students and members fromJunior Red Cross Society.Dr. Tulsi Munda a noted socialactivist, Mrs. Vaidehi Devi andMr. Satyaranjan Nayak editor,Zee Kalinga had graced theevent with their presence.Dr. Tulsi in her introductoryspeech said, this day is tocelebrate our commonhumanity and honour theheroic aid workers. To cherishthe day, a prize distributionceremony was organizedwherein students wererewarded with a mementoand cash prize for theirheroism.
“Establishment of a self -sustainable and economically empowered rural, tribal & sub-urban society”
ANNAPURNA MICROFINANCE PVT. LTD.CORPORATE OFFICE:
PLOT NO: 1215/1401, KHANDAGIRI BARI, BHUBANESWAR, ODISHA, INDIA 751030E: [email protected]; P: +91-674-2350253; F: +91-674-2351796; Website: ampl.net.in
MINISTER OF STATE, RT. HO. DESMOND SWAYNE VISITS ANNAPURNA
INDEPENDENCE DAY CELEBRATION
Annapurna staff celebratedthe 69th Independence Dayat Mission Ashra in thepresence of the employeesand inmates of the shelterhome . The flag wasunfurled by Mr. GobindaPattanaik, CMD, AnnapurnaMicrofinance.
Followed by Flag hoistingwas a poster makingcompetition among thesenior management, whoshowed their views aboutthe current status ofindependence in thecountry. The winner of thecompetition was Mr. HaraPrasad Mishra, HR head ofAnnapurna. A tug of warcompetition was also heldbetween differentdepartments including MIS,Products, Accounts, Risk,Finance, Audit, along withthe Ashra staff andresidents. The team led byCOO Mr. Sanjay Pattanaikwon the competition. Thewhole event was wellorganized and coordinatedby the HR team.
FLAG HOISTING BY MR. GOVINDA
PATTNAIK, CMD AMPL
Minister of state forinternational development,Govt. of UK, Rt. Ho.Desmond Swayne visitedthe Balakati block in Odisha,to see the progress of theSHG’s and to witness theimpact on their lives as clientsof Annapurna. They interactedwith various groups, andunderstood how they haveutilized the funds and creditfacilities that have beenprovided to them. Also, theygot to know how different skilldevelopment and othertrainings have helped thewomen of the SHG’s. TheMinister interacted with theSHG members, and askedabout their experience withAnnapurna, the kind ofsupport they received, andhow it has benefited theirlivelihood and standard ofliving. SVCL invested in Annapurna through Samridhi Fund, supported by DFID.
