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Banking Correspondence (BC)Program

Microfinance Banking Correspondence (BC)Program

 

About Program –

Banking Correspondent (BC) is agent, who help funders in identification of potential microfinance customer (SHG/JLG) identification, appraisal, disbursement, post disbursement processeswith 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 –

S# Name of Funder No. Of SHG/JLG Disbursement Outstanding 31-3-018
1 NABFINS 312 3,96,41,000 3,36,60,640
2 ICICI 22 17,62,300 14,81,214
3 NJGB Bank 1000