UTKARSH - VOICE UTKARSH MICRO FINANCE PVT. LTD. January- March Vol-3 Issue -4 Glimpses of Health Camp Glimpses of Health Camp Glimpses of Health Camp Glimpses of Health Camp Dr Indu Singh, Director Samutkarsh Welfare Service, Addressing the Clients Clients at Health camp Year end Operational highlights Year end Operational highlights Year end Operational highlights Year end Operational highlights Utkarsh closed the financial year with 110,886 active members (previous year 58623), cumulative disbursement of Rs. 1851.0mn (Previous year Rs. 712.3mn) and Portfolio Outstanding of Rs. 752.9mn (previous year Rs. 318.5mn). This is substantial achievement in view of the prevailing situation in micro finance industry. Launch aunch aunch aunch of Micro Enterprises Loan (MEL) of Micro Enterprises Loan (MEL) of Micro Enterprises Loan (MEL) of Micro Enterprises Loan (MEL) Increasing its product basket, Utkarsh has introduced its MEL product namely Utkarsh Samridhi for its existing matured clients as well as clients who have viable business but are still not serviced by formal financial sector. The product is currently being piloted in Varanasi and based on experience, feedback in next few months, would be rolled out at other locations within the catchment area of Utkarsh. This would form part of 15% non microfinance asset as permitted in recent regulatory guidelines. Social Performance Management Social Performance Management Social Performance Management Social Performance Management Social performance along with financial performance is the backbone of microfinance sector. Effective Social Performance Management (SPM) leads to stronger alignment of systems and processes with organization’s mission and yields real value to target clientele of MFIs. Utkarsh has moved ahead in this direction by nominating Mr Ajai Raj Sharma, Director on the board of company, as SPM SPM SPM SPM Director. Director. Director. Director. This will help in setting clearer goals and objectives and creating deliberate and concrete strategy to achieve them Credit Credit Credit Credit Plus Activities Plus Activities Plus Activities Plus Activities Health Camp Health Camp Health Camp Health Camp Increasing the services provided under credit plus activities, Utkarsh organized a health camp at Ghazipur, in collaboration with Apollo Hospital Varanasi. More than 450 people were examined in this camp. The camp provided facilities for basic health check up like Blood test, sugar test, pregnancy test and distribution of free medicine for the members and their families. Utkarsh is committed to organize more such camps in future. Financial Awareness Financial Awareness Financial Awareness Financial Awareness The programme has been launched from Harhua block of Varanasi District in November, 2011. Four employees of the company have been trained for financial awareness programme. Total 473 women have participated in financial awareness program during November 2011 to March 2012. Clients Clients Clients Clients Meet Meet Meet Meet Utkarsh has conducted six clients meet in six different branches with total 600 clients and their spouse. The main thrust was knowing the clients and their requirements, and also sensitizing them about the perils of overindebtedness, benefits of small savings, budgeting and planning for future.