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Parvati Swayamrojgar, Pune
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| Country of intervention: India
City: Pune
Date of startup of activities (month/year): November 2002
Date of institutional constitution (month/year):
September 2002 Juridical status: Company registered u/s 25
Address: 145-B Shantiniket
Above Adhar Hospital.
Parvati,
Pune-411009
Telephone: 020 2 444 09 76Fax: NIL
E-mail:
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Internet Website: http://www.upliftindia.org/upliftindia/partner-organizations/parvati-swayamrojgaar-psw
Managing Director: Mr. Ashok Deshmukh
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Key figures:
Number and nature of the programs / activities:
Micro Finance & Micro Insurance
Teams and number of field workers: 48 Field workers
(Project Manager-1, Portfolio Quality Manager-1, IGP Coordinators-3, Branch Managers-7, Service Executives-7, Collector Motivators- 28, HMF coordinator - 1)
Teams in HO:
10 HO Staff (Accounts-3, MIS team-4 and support staff- 3)
Total Projected Budget for 2008: (Rupees)
Investment (Fixed Asset) : 1,11,800.00
Operating Expenses : 62,87,896.00
Total number of direct beneficiaries per year:
3880 = MF , 14899= MI
Sources of private and public subventions:
1. Development Credit Bank
2. HDFC Bank
3. Indian Bank
4. Inter Aide
5. Public savings |
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Historical of the creation :
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| Parvati Swayamrojgar (PSW) created in November 2002, is a non-profit company, created with the intention of providing access to micro credit for income generation or business development for the poor. Its founder members having more than 15 years experience in the field of Social work and community development respectively in the social sector, sought to use their expertise in the process of poverty alleviation through income generation activities.
Since inception PSW has been focusing of activities that are targeted to increase & protect the incomes of the family. The key programmes are related to micro credit & health mutual fund (mutual insurance) project.
It became part of the Uplift India Association Network in 2003 and has been involved in providing micro finance and micro insurance services to the slum population of Pune.
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Objective/mission :
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| The following VMG have been the guiding force behind all the momentum
Vision: Contributing towards the upliftment of the living standards of the poor
Mission: Smart micro finance / insurance services to enrich and protect livelihoods
Goals: By December 2010
· To increase income levels of partners
o Provide access to micro credit to 20000 partners
o Provide training to 7500 partners in entrepreneurship development
· To control and manage health cost that severely affects income of partners
o Provide health service (both preventive and curative) to 20000 families
Provide benefits of health mutual fund (mutual insurance) to 40000 families
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Action’s principles :
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| o Professionalism
Ø Professional Relation with partners & staff
Ø My Work my responsibility
o Trust and integrity
Ø Trust each other
Ø Integrity of staff
Ø Honesty
o Team work
Ø Team responsibility
Ø Feeling of oneness
Ø Co-operation and support
o Quality
Ø Quality of service
Ø Concern for quality
o Simplicity
Ø Procedure
Ø Communication at the level of partner
Ø Working style
o Transparency
Ø No hidden transaction
o Respect
Ø Respect to every individual
Respect to rules & discipline
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Programs :
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PSW is currently involved in providing microfinance from Rs. 2000 to Rs 40000 to partners for productive (to start of expand business), social (for consumptions and health, education, repayment of other expensive loans etc) and for housing (for house repairing) purposes. Partners are also provided services of micro insurance wherein their health or hospitalization expenses are reimbursed to a certain extent.
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Target groups and beneficiaries :
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Urban slum dwellers, who do not have access to any formal financial institutions for credit or savings products. Since inception 9325 partners have been provided access to such services.
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Operational Partners :
Inter Aide France http://www.interaide.org/
Uplift India Association http://www.upliftindia.org/
DCB – HDFC - Indian Bank
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Financing / Budget :
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| Total budget 2007: Rs.63,99,696 on investments and operating expenses.
Ø Own Capital : 6810000.00 ( 31.45% )
Ø Public Fund ( Savings ) : 95,73,549.00 ( CBU + VCBU ) ( 44.21% )
Ø Financial Institutions : 34,67,127.00 ( HDFC + Indian Bank+DCB ) ( 16.01% )
Ø Inter Aide : 4,26,012.00 (IA ) (1.97%)
Other : 1377307.00 (P F) (6.36%)
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last update : 23.05.2008
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