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Microfinance Banking Correspondence

About Program

Banking Correspondent (BC) is agent, who help funders in identification of potential microfinance customer (SHG/JLG) identification, appraisal, disbursement, post disbursement processes with timely recoveries from the customers.

As a part to Self Help Group and Joint Liability Group promotion, credit linages are very much important, therefore, for timely credit linkages to all SHGs formed and served by Aparajita Mahila Sangh are linked with various banks and funding agencies under BC model.

Aparajita Mahila Sangh is working as Banking Correspondent of NABFINs and ICICI Bank. Aparajita Mahila Sangh has supported NJGB Bank in their JLG Formation and bank linkages program.

Target Area and community

  • Target Area – Indore, Dewas, Sehore, Khandwa, Khargone & Dhar.
  • Community – Self Help Groups & Joint Liability Groups.
Program Period
Since year 2015 and continued…
Program / activities under the program
  • Capacity building of SHG
  • Record Keeping,
  • Bank account opening
  • Credit linages with BC-Funder i.e. ICICI Bank & NABFINS
  • Regular Recoveries

Outcome / Results

Serial NoName of FunderNo. Of SHG/JLGDisbursementOutstanding 31-3-018
1NABFINS3123,96,41,0003,36,60,640
2ICICI2217,62,30014,81,214
3NJGB Bank1000