Who are we?
Nirantara Community Services (in short, Nirantara) was conceived
in early 2006 by few likeminded professionals committed for
poverty eradication. Their experience in the development sector,
exposure in microfinance domain and innate
social-entrepreneurial zeal resulted in to establishment of
Nirantara during December 2006. The institution was registered
as a Society under Karnataka Societies Registration Act of 1960
at Bidar on 27th December 2006.
In just two years of its establishment, Nirantara has grown
at a rapid pace and plans to become the most preferred financial
institution in the operational area by establishing the
organization as a highly professional and sustainable financial
services provider. Nirantara has been considered as a most
potential start-up institutions in central part of the country
as Nirantara attracted many investors, banks, other financial
institutions and capacity building institutions.
Our Mission
Our mission is to provide financial services to the
underprivileged segment of the population to improve their
living standards”
Our Vision
“To become the most preferred and sustainable financial services
provider in the region positively affecting over 250,000
households by 2013 through a market-led approach.”
Core Values:
- Empathy
- Equality
- Innovation and Improvisation
- Timeliness
- Credibility
- Team work
- Facilitative Leadership
Key Objectives:
To provide, following, to the target community:
- Quality need-based financial products & services
- Quality need-based non-financial and
socio-economic development services
To emerge as a brand known for quality services while
achieving total financial inclusion |
What we do?
We support livelihoods of poor families through a powerful tool
called microfinance. Microfinance is not jut credit. It also
comprises of many value-added and need-based services for poor
households including saving services, risk coverage through
insurance, capacity building, enterprise/business development
services, etc. Currently Nirantara is providing micro-credit and
micro-insurance products and services.
Who are our clients?
We serve poor families living in the margin of poverty line.
Currently we are working only with women member of such
families.
Where we work?
We work wherever there is poverty and need of financial
services. Currently we are working in urban and semi-urban areas
in northern districts of Karnataka. We focus area is 10 most
backward districts of northern part of Karnataka and 6 southern
part (Marathwada region) of Maharashtra state. See
Operational Area
for more details.
How we work?
We are replicating pioneering Grameen Bank System with
appropriate local modifications. We facilitate formation of
joint liability groups of 10 members and such three groups get
integrated in to a centre. The centre is business contact point
where the members meet on weekly basis in a fixed place and
fixed time. All the transactions take place during the centre
meeting (loan disbursement, repayment collection and other
discussions). See
Operational Methodology for more details.
Where we stand now?
Nirantara’s first year (2006-07) was very brief. Though we
started our operations in 2006-07 (March 2007), things started
happening only during 2007-08. The fiscal 2007-08 and 2008-09
proved exceptionally good for us as we established basic
internal systems, attracted many mainstream funders, established
our operations in three districts of Karnataka and reached &
impacted over 6,500 poor families.
Our achievements:
- Reached over 6,500 poor families in 3 districts
- Clients perceive us as the best services provider
- Attracted 7 funding agencies including mainstream banks
& built strong strategic collaborations
- Maintaining quality portfolio with 100% On-Time
Repayment Rate
- Established basic systems required for greater scaling
up
- Fairly established strategic collaborations
- Recognized in the sector as a potential start-up
- MPEA-2008 National Award
- Considered as potential for equity investment
|
