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| Micro Credit |
Microfinance is an effective tool which can help to reduce poverty and spread economic opportunity by giving poor people, access to financial services, such as credit and insurance. Annapurna Microfinance distributes financial services to the poor women so that they can start or expand their small businesses and increase their incomes.
Annapurna Microfinance Pvt. Ltd. (AMPL) is offering both financial and non-financial services to the resource poor, unbanked and marginalized people in rural, semi-urban and urban areas to meet the evolving needs of the community people; those are involved in agricultural and small business activities. It has also come up with customized insurance products for its clients.
AMPL uses the group lending model where poor women guarantee each other’s loans. Borrowers undergo financial literacy training and must pass a test before they are allowed to take out loans. Monthly meetings with borrowers follow a highly disciplined approach. Re-payment rates on the Company’s collateral-free loans are more than 99.12% because of its regular monitoring and follow up on loan utilization. AMPL also offers micro-insurance to its clients that can help them combat poverty.
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1st cycle |
2nd cycle |
3rd cycle |
| Loan amount |
Rs. 80,000- 1,00,000 |
Rs. 1,00,000 – 1,50,000 |
Rs. 1,50,000 – 2,00,000 |
| Group lending |
SHG model |
SHG model |
SHG model |
| Interest rate |
25% Reducing basis |
25% Reducing basis |
25% Reducing basis |
| Repayment period |
12 months |
18 months |
24 months |
| Criteria |
After 6 month of group formation |
After complete the 1st cycle |
After complete the 2nd cycle |
| Processing fee |
1% of the loan amount |
1% of the loan amount |
1% of the loan amount |
| Insurance fee |
Rs. 6 per Rs.1000 per annum |
Rs. 6 per Rs.1000 per annum |
Rs. 6 per Rs.1000 per annum |
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| Note: In accordance with the RBI's circular dated May 03, 2011 on 'Bank loans to Micro Finance Institutions (MFIs) - Priority sector status', with effect from June 01, 2011, the Company plans to charge a processing fee of 1% (of the loan amount) on all microloans offered across India. |
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| Purpose of the Loan |
:Paddy Cultivation |
| Lending Model |
SHG |
| Clients |
Women |
| No. of instalments |
24 |
| Recovery |
:Monthly |
| Loan Amount |
:Rs. 15,000/- per member |
| Processing fee |
:1% of the total loan Amount |
| Rate of Interest |
:25% (Reducing) |
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| Business plan for Paddy Cultivation |
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Unit cost |
Quantity |
Total Cost |
| Seed (Lalit/Swarna/IR1001/IR1010) |
30 |
30 |
900 |
| Fertilizer & Micronutrients(Urea(75 k.g), DOP(60kg) POTASH(40 kg), ZINC(10 kg) |
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2247 |
| Pesticides(Stem Borer)BPH/Stem Root (thrice) |
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2500 |
| Transplantation Labour |
150 |
12 man days |
1800 |
| Manual Labour(weeding) |
150 |
10 man days |
1500 |
| Weedicide |
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2000 |
| Harvesting Labour |
150 |
10 man days |
1500 |
| Post Harvesting & Stocking |
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500 |
| Lift Irrigation/Water source |
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1200 |
| TOTAL (in Rs.) |
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14147 |
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| Output |
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Unit price(k.g/MSP) |
Quantity |
Total Revenue (in Rs.) |
| Yield |
8.5 |
3000 |
25500 |
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| Purpose of the Loan |
: Vegetable Cultivation |
| Lending Model |
: SHG |
| Clients |
: Women |
| No of Instalments |
: 24 |
| Recovery |
: Monthly |
| Loan Amount |
: Rs. 15,000/- per member |
| Processing fee |
: 1% of the total loan Amount |
| Rate of Interest |
: 25% (Reducing) |
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| Business Plan for Vegetable Cultivation |
| Input |
| For 1 Acre Land |
Total Cost |
| Seeds: Bluestar/Fi-hybrid(200 gms) |
2000 |
| Fertilizer (Urea, DAP, POTASH ,ZINC) |
3000 |
| Pesticides(Stem Borer)Root Rot(three times) |
7500 |
| Transplantation /harvesting labour |
4800 |
| Micro-nutrients & growth regulators(spray) |
2000 |
| Land Preparation Labour(15 man days) |
2250 |
| Lift Irrigation/Water source |
3600 |
| Total Cost (in Rs.) |
25,150 |
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| Output |
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Unit cost (in Rs.) |
Quantity K.G |
Total Revenue (in Rs.) |
| Yield |
8 |
6000 |
48000 |
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| Purpose of the Loan |
: Fishery |
| Lending Model |
: SHG |
| Clients |
: Women |
| No of Instalments |
: 24 |
| Recovery |
: Monthly |
| Loan Amount |
: Rs. 15,000/- per member |
| Processing fee |
: 1% of the total loan Amount |
| Rate of Interest |
: 25% (Reducing) |
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| Business Plan for Dry fish making |
| Input |
| Raw Materials |
UNIT |
Unit Cost |
Total COST (in Rs.) |
| FISH(k.g) |
300 |
60 |
18000 |
| SALT(k.g) |
80 |
10 |
800 |
| LABOUR |
100 |
10 |
1000 |
| Transportation |
500 |
1 |
500 |
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TOTAL (in Rs.) |
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20300 |
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| Output |
| Finished Product |
UNIT |
COST Per Kg |
TOTAL COST (in Rs.) |
| DRY FISH |
266 |
120 |
31920 |
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| Revenue |
| Total Revenue Expenditure |
Rs. 20300 |
| Total Revenue Income |
Rs. 31920 |
| Surplus |
Rs. 11620 |
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| Business Plan for fishing |
| Raw Materials |
UNIT |
Unit Cost |
TOTAL |
| Fuel |
5 |
40 |
200 |
| Net Maintenance |
70 |
1 |
70 |
| Boat |
50 |
1 |
50 |
| TOTAL (in Rs.) |
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320 |
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| Output |
| Finished Product |
UNIT |
COST per kg |
TOTAL Revenue(Rs.) |
Total Surplus(Rs.) |
Surplus per member(Rs.) |
| Fish |
30 |
80 |
2400 |
2080 |
416 per day |
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| Purpose of the Loan |
: Dairy |
| Lending Model |
: SHG |
| Clients |
: Women |
| No of Instalments |
: 24 |
| Recovery |
: Monthly |
| Loan Amount |
: Rs. 15,000/- to Rs. 18000/- per member |
| Processing fee |
: 1% of the total loan Amount |
| Rate of Interest |
: 25% (Reducing) |
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| Business Plan |
| Raw Materials |
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Lactation Period |
Dry Period |
| Price (Rs.) |
Qty. (kg) |
Cost Per Day (Rs.) |
Qty. (kg) |
Cost Per Day (Rs.) |
| Concentrate Feed |
12 |
4 |
48 |
2 |
16 |
| Dry Fodder |
2 |
4 |
8 |
5 |
19 |
| Total |
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56 |
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35 |
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| Cost of Production (in Rs.) |
| Cost of feeding during lactation |
13496 |
| Cost of feeding during dry period |
4340 |
| Cost of Medicine |
1200 |
| Veterinary aid and breeding charges |
250 |
| Electricity and misc. charges |
150 |
| Insurance charges |
600 |
| Mortality |
1500 |
| Total |
21536 |
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| Capacity per Cow |
10 liters /day (average production 8) |
Lactation period: |
1920 liters /annum |
| Selling Price |
Rs. 20 / kg |
241 days |
Rs. 38560 |
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| Revenue from Dairy |
| Total Revenue Expenditure |
Rs. 21536 |
| Total Revenue Income |
Rs. 38560 |
| Surplus |
Rs. 17024 |
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| Purpose of the Loan |
: Snacks Making |
| Lending Model |
: SHG |
| Clients |
: Women |
| No of Instalments |
: 12 |
| Recovery |
: Monthly |
| Loan Amount |
: Rs. 10,000/- per member |
| Processing fee |
: 1% of the total loan Amount |
| Rate of Interest |
: 25% (Reducing) |
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| Business Plan |
| Inputs for Snacks Making |
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UNIT |
UNIT COST |
TOTAL |
| Raw Materials |
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| BESAN(K.G) |
500 |
23 |
11500 |
| OIL (Lt) |
150 |
60 |
9000 |
| SPICE(Rs.) |
500 |
7 |
3500 |
| LABOUR(Days) |
25 |
80 |
2000 |
| FUEL (Per K.G ) |
500 |
3 |
1500 |
| Packing (Per K.G) |
500 |
3 |
1500 |
| Total |
Rs. 29,000 |
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| Output from this business |
| Finished good |
UNIT Production |
Unit Price (K.g) |
Total Revenue (in Rs.) |
| Snacks |
600 |
65 |
39000 |
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| Purpose of the Loan |
: Grocery Shop |
| Lending Model |
: SHG |
| Clients |
: Women |
| No of Instalments |
: 12 |
| Recovery |
: Monthly |
| Loan Amount |
: Rs. 10,000/- per member |
| Processing fee |
: 1% of the total loan Amount |
| Rate of Interest |
: 25% (Reducing) |
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| Purpose of the Loan |
: Bamboo & Cane Craft |
| Lending Model |
: SHG |
| Clients |
: Women |
| No of Instalments |
: 24 |
| Recovery |
: Monthly |
| Loan Amount |
: Rs. 15,000/- per member |
| Processing fee |
: 1% of the total loan Amount |
| Rate of Interest |
: 25% (Reducing) |
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| Economics of Bamboo works |
| Input (for 2 months) |
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| Raw Materials |
(In Rs.) |
| Bamboo (40 Pieces) |
5500 |
| Cane |
2000 |
| Plywood |
1000 |
| Fevicol |
900 |
| Velvet Cloth |
500 |
| touch Wood (Asian Paints) |
1000 |
| Pins |
100 |
| Others |
400 |
| Electricity |
400 |
| Machines and Equipments |
1700 |
| (Hacksaw, Screw, Hand Drill, Sand Paper, Hammer, Blue Lamp, Cutter) |
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| Depreciation |
500 |
| TOTAL |
14000 |
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| Output: |
| Output |
In Quantity |
Price |
| Pen Stand |
48 |
1720 |
| Fruit Bowl |
16 |
3532 |
| Computer Mouse Pad |
48 |
2728 |
| Cake tray |
32 |
1868 |
| Candle Stand |
36 |
5130 |
| Letter Box |
24 |
716 |
| Others |
4 |
500 |
| Total Price (in Rs.) |
16194 |
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| Purpose of the Loan |
: Income Generating Activities |
| Interest cost to the borrower |
: 20% |
| Processing Fees to the borrower |
: 1% of the loan Amount |
| Loan Tenure |
: 36 months |
| Lending Model |
: Individual & SHG groups |
| Clients |
: Family Members of Leprosy affected patients |
| Loan Size |
: SHGs: Rs. 1,00,000/- to Rs. 2,00,000/-
Individuals: Rs. 25,000/- to Rs. 1,00,000/- |
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| Purpose of the Loan |
: Income Generating Activities |
| Interest cost to the borrower |
: 20% Reducing |
| Processing Fees to the borrower |
: 1% of the loan Amount |
| Loan Tenure |
: 36 months |
| Lending Model |
: Individual lending |
| Clients |
: Widows, unmarried women and single mothers |
| Loan Size |
: Rs. 25,000/- to Rs. 50,000/- |
| Purpose of the Loan |
: Income Generating Activities |
| Interest cost to the borrower |
: 20% Reducing |
| Processing Fees to the borrower |
: 1% of the loan Amount |
| Loan Tenure |
: 36 months |
| Lending Model |
: Individual lending |
| Clients |
: Physically Challenged Women & single mothers |
| Loan Size |
: Rs. 25,000/- to Rs. 50,000/- |
| Purpose of the Loan |
: Income Generating Activities |
| Interest cost to the borrower |
: 20% Reducing |
| Processing Fees to the borrower |
: 1% of the loan Amount |
| Loan Tenure |
: 36 months |
| Lending Model |
: Individual lending |
| Clients |
: Eunuch/ Third gender |
| Loan Size |
: Rs. 15,000/- to Rs. 30,000/- |
| Purpose of the Loan |
: Income Generating Activities |
| Interest cost to the borrower |
: 20% Reducing |
| Processing Fees to the borrower |
: 1% of the loan Amount |
| Loan Tenure |
: 36 months |
| Lending Model |
: SHG groups/ SHG Federation |
| Clients |
: Women belonging to low income families |
| Loan Size |
: Rs. 1,50,000/- to Rs. 3,00,000/- |
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