• +91 124 430 1543
  • ananditamicrocredit@gmail.com
  • CIN : U74999OR2016NPL032262



A brief information about AMCSF.

  • Why Financing in a Micro Environment?

    India falls under low income class according to World Bank. It is second populated country in the world and around 70 % of its population lives in rural area. 60% of people depend on agriculture, as a result there is chronic underemployment. Along with poverty, low rate of education, low sex ratio, exploitation results in low production capacity both in agriculture(which contribute around 22- 25% of GDP) and Manufacturing sector. Rural people have very low access to institutionalized credit (from banks).India is said to be the home of one third of the world’s poor. About 87 percent of the poorest households do not have access to credit. The demand for microcredit has been estimated at up to $30 billion; the supply is less than $2.2 billion combined by all involved in the sector.
    Microfinance has been present in India in one form or another since the 1970s and is now widely accepted as an effective poverty elimination strategy. The microfinance industry has achieved significant growth in part due to the participation of commercial banks, despite this growth, the poverty situation in India continues to be challenging
    And hence; the need arise for more players in the sector.
    “Microfinance recognizes that poor people are remarkable reservoirs of energy and knowledge. And while the lack of financial services is not just a sign of poverty, today it is looked as an untapped opportunity to create markets, bring people in from the margins and give them the tools to help themselves." – Kofi Annan (Sec. General of UN)

  • Anandita Micro Credit Services Foundation’- Modus-operandi

    “ ‘Anandita Micro Credit Services Foundation’- Modus-operandi Theorist Lysander Spooner wrote in the middle of the 1800s about small credits, as a way of getting the people out of poverty. Marshall Plan was introduced during the end of World War II for revival of post war economy. It gave emphasize on Micro Finance. Micro-Credit movement started in 1970’s in countries like Bangladesh, Pakistan, Vietnam, Bolivia, Magnolia etc.Year of 2005 was declared as International Microcredit year by The Economic and Social Council of the United Nations.Grameen Bank (which now helps 7 million women) led by Muhammad Yunus of Bangladesh shown the world the importance of small credits and it’s Positive Impact on the economy of a country. Muhammad Yunus was conferred with Noble Peace prize in the year 2006 to recognize his contribution to the poorer section of society.
    On line of India’s target achievement of halving the population of poor by 2015 and also achieving a broad based economic growth on a successful poverty alleviation strategy. Micro finance Organizations have made significant and impressive gains (financial and moral) by covering rural population with financial services.
    ‘Anandita Micro Credit Services Foundation’ is determined to contribute it’s bit and work to the best interest of the common poor people. The underlying inspiration is an old saying – Give a man a fish and you feed him a day but teach him how to fish and you feed him a lifetime
    The Organisation has started operations since Sept 2013. The initial workflow has been to contact Self Help Groups (SHG) and make them aware of the existence of ‘Anandita Micro Credit Services Foundation’ and its offerings. Also help forming Joint Liability Groups (JLG) in deprived women and extend them all possible help to make them sustain and earn a decent living. ‘Anandita Micro Credit Services Foundation’ so far has been able to meet the expectation set by its President Mr. Ashish Kumar Dash and going forward is committed to meet and exceed the same. Just to summarize the performance.The JLGs and the SHGs are made to meet and discuss the progress within the groups every month to ensure proper utilization of the funds.‘Anandita Micro Credit Services Foundation’ is developing and implementing proper system and workflow chart for its team members and imparting training to them for carrying out the assignments.

  • About Micro Insurance.

    Anandita Micro Credit Services Foundation’s each member and her spouse is insured. We have obtained a general life cover with the Insurance who has adequately insured the borrower and the spouse at a very nominal premium which is collected from the member borrower. The product is so well designed that the burden of Loan is shared with our insurance partners. This cover guarantees that in the event of either borrower or spouse is deceased, the loan amount will be waived off to help the member's family

  • Our Lending Methodology

    Anandita Micro Credit Services Foundation’s works on adapted Grameen model suiting the local context. The Grameen model emerged from the poor-focused grassroots institution, Grameen Bank, started by Prof. Mohammed Yunus in Bangladesh.
    A branch is set up with a Branch In-charge and 2-5 Relationship/Field Officers, initially covering an area of about 15 to 20 villages. The employees start by visiting villages to familiarize themselves with the local milieu in which they will be operating and identify prospective clientele, as well as explain the purpose, functions, and mode of operation of the bank to the local population. Groups of five prospective borrowers are formed and 3-6 such groups form a centre. Training/Meeting is provided for 4 days and then the Branch Manager does Training/Meeting for the group centre. The Loan disbursement is done at the branch premises. Typically it takes 15 days from Training/Meeting day 1 to loan disbursement. The loan is repaid in monthly meetings conducted at the centre.
    We look forward to many more years of Impactful journey in bringing a difference in the Quality of Lives of many Poor underprivileged Women by enabling them for a sustainable Living.

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