Sanchetna Microfinance

Sanchetna Micro FinanceSanchetna Financial Services Pvt Ltd a startup microfinance institution with headquarters in Lucknow,Uttar Pradesh has ended the financial year 2009-10 with outstanding loans of Rs 2.15 crore which is a 648 % jump over the previous year.
During this period, the company reached out to 3228 new families. The company now has a total of 3748 [...]

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  1. Sanchetna Financial Services Newsletter – January 2010
  2. Sanchetna Financial Services Newsletter – Sanchetna – August 2009
  3. Sanchetna Financial Services – Newsletter September 2009
  4. Sanchetna Financial Services – Newsletter October 2009
  5. Sanchetna Financial Services Newsletter – December 2009

Sanchetna Financial Services Newsletter March 2010
NABARD and HDFC Bank have become the newest lenders of Sanchetna. The tier 2 capital support of Rs. 25 lacs by NABARD in the form of a soft loan has a repayment period of seven years with initial two years being a moratorium period. HDFC Bank, which had sent some [...]

Related posts:

  1. Sanchetna Financial Services Newsletter – January 2010
  2. Sanchetna Financial Services Newsletter – Sanchetna – August 2009
  3. Sanchetna Financial Services Newsletter – December 2009
  4. Sanchetna Financial Services Newsletter July 2009
  5. Sanchetna Financial Services – Newsletter October 2009

Samridhi Agri Products begins operations

Founded by the promoters of Sanchetna Financial Services, Samridhi Agri Products began operations on the 8 of December. The company is led by Manoj Karki, who had previously worked in organizations such AMUL, Wrigley India Pvt. Ltd. and Govt. of Uttarakhand.
The company has started with selling vegetables and milk products. Despite [...]

Related posts:

  1. Sanchetna Financial Services Newsletter – Sanchetna – August 2009
  2. Sanchetna Financial Services Newsletter July 2009
  3. Sanchetna Financial Services – Newsletter September 2009
  4. Sanchetna Financial Services – Newsletter October 2009
  5. Sanchetna Financial Services Newsletter – December 2009

Devinder Sharma has replied to Lokesh Singh’s post on his blog here.
Given below is Lokesh Singh’s Response
Dear Mr. Sharma,
Thanks a lot for acknowledging my response to your article.
As you have divulged in your response that there are some concerned microfinancers as well who share your concern about providing low cost finance available to the [...]

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  1. Response to Microfinance Article of Devinder Sharma
  2. Devinder Sharma’s negative assessment of microfinance institutions
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