Anik Financial Services Private Ltd. 1

ANIK FINANCIAL SERVICES PRIVATE LTD

Providing livelihood to deprived classes

An NBFC-MFI

Anik Financial Services Private Ltd. 2

Mission, Vision & Values

Vision: A unique community based microfinance institution with an

endeavor to cover all poor households across the Maharashtra by 2020.

To extend the micro-financial services including to the so far excluded community by establishing a professionally managed Community based micro-finance institution.

Enhance socio economic status of rural women while continuing its movement for human and land rights.

To Empower Dalit & Marginalized women for their Social & Economical uplift.

VALUES: Integrity Mutual respect Belonging and

commitment to company

Transparent systems and procedures

Fairness in all dealings Participative

functioning

Mission: It aims to empower rural poor women and to improve their standard of living by extending integrated financial services at affordable cost.

Anik Financial Services Private Ltd. 3

Summary• Started off as Benefit Trusts in 5 poorest Districts of Maharashtra in Marathwada

Region• MFI operations transferred from Mutual Benefit Trust to MFI in 2009• Original processes developed by Oxfam and later upgradation by Basix gave a

strong foundation to systems.• Unique business model empowering women through savings habit and livelihood

creation through disbursing loans• Grown to 30,000 strong member base in over 1000 villages• Diversified investor base and commitments by premium banks• Mix of qualified and committed Directors from development sector and

professionals from industry• Completely automated systems and strong corporate governance structure

Potential demand of Rs 10cr built up with new SHGs

Osmanabad

MARATHWADA

Operational Area Districts – 5Blocks – 29Villages - 465SHGs- 2150Families -23250

Coverage

Covering Poorest of Poor Blocks

1

At District Level Formed community based organizations in the name of Savitribai Phule Mutual Benefit Trust (SPMBT)

which is a federation of SHGs comprising of Cluster representatives and BOT (Board of Trustee) is the governing body.

All five SPMBTs are the share holders of ANIK Financial Services Pvt ltd. All SHGs Linkage to Anik through SPMBTs for financial Inclusion

At Block Level Formation of SHG Cluster at Block level comprising of VO reprsesntatives Formation of 3 Committees at Cluster level Viz. Group Appraisal , Loan Appraisal &

Recovery Committee Monthly Meet on Pre decided date of Cluster

2

At Village Level Formation , Training and Nurturing of women SHGs at village Level Formation of VO (Village Organization) where 3 or More SHGs in the

Village

3

Three Tier Structure

Chairman BoDCEO

Unit Manager OsmanabadField Exec.

Cluster Volunteer

Unit Manager BeedField Exec.

Cluster Volunteer

Unit Manager LaturField Exec.

Cluster Volunteer

Unit Manager ParbhaniField Exec.

Cluster Volunteer

Unit Manager HingoliField Exec.

Cluster Volunteer

COO & CFOAccount Head

Transaction Head

SHG

MembersSH

GSH

G

Head Office Level Distt Level Block LevelVillage Level

Savitribai Phule Mutual Benefit Trust

NGOs

Anik

Fin

anci

al S

ervi

ces

Priv

ate

Ltd

COMPANY

Cluster Level

Distt Level

Complementary NGO Str

Loan Process

Loan Demand from Member

Group Appraisal

Cluster Committee Approval

BOT Committee Approval

Loan Sanction by Anik

Monthly Recovery in Cluster Meeting

Loan Disbursement Process

Loan Disbursement by Cheque

Loan Follow-up by FX/UM

Data Feeding

Cluster Level Delegation

Loan Recovery Committee

Loan Approva

l Committ

ee

Group Appraisal Committ

ee

BANK

Loan Recovery Process

Member

SHG

ClusterAccounts Asstt deposits money with respective Bank Branches

Village Leaders collect loan instalments in the monthly SHG meetings.

They carry the money to Cluster Meetings and deposit with Accounts Asstt.

Over 99% collection track record for last 5 years

Monthly Review Process

1st 3rd 5th 10th Qrly

Anik Financial Services Private Ltd. 11

Unique Features

Innovative three tier Structure

100% involvement & leadership of

Women

100% Loan follow-up &

input support

100% Transparency

100% Online

Loan Recovery by Women

Members only

99%+ Recovery

Dalits, Marginal Farmers & Landless

Women as Focus Group

Loan Date of Sanction Limit Present

Outstanding1st Loan 04-10-2010 Rs. 150.00 Lacs NIL2nd Loan 18-08-2011 Rs. 60.00 Lacs NIL3rd Loan 03-09-2012 Rs. 200.00 Lacs NilTotal - Rs. 410.00 Lacs Fully repaid

Loan Date of Sanction Limit Present

Outstanding

1st Loan 07-03-2011 Rs. 189.00 Lacs Nil

2nd Loan 15-12-2012 Rs. 190.00 Lacs Rs. 70.88 Lacs

Total - Rs. 70.88 Lacs

Credibility with Banks

On-time repayment track record

Adequately Capitalized

Savitribai Mutual Benefit Trust, Latur 94.00

Savitribai Mutual Benefit Trust, Osamanabad 97.56

Savitribai Mutual Benefit Trust, Parbhani 85.92

Savitribai Mutual Benefit Trust, Beed 96.66

Savitribai Mutual Benefit Trust, Hingoli 95.35

Directors 23.00

HNIs 63.04

TOTAL 555.53

Diversified Investor Base

Rs/Lakhs

Anik Financial Services Private Ltd. 14

Key Directors’ ProfileNo. Name Education Position

1 Shri Eknath Avad B.A., LL.B., M.S.W.

Chairman,

2 Shri Vishwanth Todkar MA (Eco.) Director and CEO

3 Mr. B.P. Suryawanshi, BCom, MSW Director

4 Ramesh V.Bhise BA Director

5 Shri , Jayaji P. Paikrao M.Com, MSW

Director

6. Ms Seemantinee Khot MSW Director

7. Vikramjit Mehmi BSc, MBA DirectorProfessional Board

Thank you !!