Annapurna MicroFinance Pvt Ltd
Vision-Establishment of a self -sustainable and economically empowered rural, tribal & sub-urban society.
Region of operation
1215/1401, Khandagiri Bari, Opposite Jayadev Vatika, Khandagiri, Bhubaneswar Country: India Zip: 751030
Its main focus is on the growth of the microfinance portfolio and support those clients who have successfully leveraged the microfinance services and setup micro enterprises in rural and semi urban regions and to facilitate credit plus services such as enterprise development, business planning, finance management and product design and forward and backward linkages
Key product / Service
Number of beneficiaries
Awards and recognition
Funding and Operating Model
Higher than Series B
Total funding raised
Annapurna Microfinance follows the credit methodology of Self Help Group lending wherein the loans are disbursed to the members of the group after inter-se-agreement by all the members within the group. The members in a group are selected so as to be in same age group and residing in the same locality being friends but not from the same family. In case of the problems in recovery from even one of the members, the system of joint liability ensures recovery of the dues from all the members within the group. Apart from the loan disbursement and recovery schedule, the members are invited to attend workshops and training programs, which acts as a platform for all the members to come together and share their experiences. The exposure visits enable members to learn about the various activities undertaken by their counterparts in other villages thereby increasing the number of income generation options and levels of confidence among the members.
Partners and key clients
AMPL aims to provide financial services to those clients that are: 1. Identified as Below Poverty Line. 2.Special category of individual i.e. Widow, transgender and person with disability etc. 3.Schedule castes, schedule tribes and to other minority classes 4.Require micro loan for health and sanitation purpose for the betterment of their social life.
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