“Sanghamithra envisions an institutional structure that supports a sustainable and vibrant financial ecosystem in which the SHGs and people’s institutions of the poor gain confidence and skills to access credit at competitive terms and to overcome the hurdles to equal opportunities and sustained growth.”
“To make poor women bankable. To work in partnership with people’s institutions like Self Help Affinity Groups, Farmers Collectives, CMRC`s and Soukhya groups of Sex workers and Devadasis, organised and trained by NGOs and other institutions, which have demonstrated a degree of maturity with respect to regularity in meetings, savings, internal lending and recovery, democratic leadership and a transparent decision – making process in order to create a financial ecosystem that supports responsible lending and recovery together with inclusive and sustainable growth.”
Outreach & Key Indicators as on 31st March, 2024
| Indicator | Value |
|---|---|
| Households reached (cumulative) | 14,57,350 |
| Loan Portfolio (Rs. In crores) FY 2023-24 | 304 |
| Gross NPA for year FY 2023-24 | 0.44% |
| Staff attrition for year FY 2023-24 | 20% |
Our Story So Far
Sanghamithra- a MFI with a Difference
Sanghamitra Rural Financial Services is a not-for-profit Microfinance Institution licensed by Reserve Bank of India. SRFS was registered on 15 Feb 1995 and commenced operations in 2000.
- We work with rural poor especially women to include them in the process of growth beyond financial inclusion and finally to make them bankable
- We provide medium to long term micro credit in rural areas in partnership with SHGs, CMRCs, FPOs and NGOs
- We promote a hybrid model which includes digital platforms from sourcing to collection together with bulding personal relationships with clients
- We maintain a net interest margin (NIM) of 10%
- We provide micro loans for very short periods to meet cash flow needs of small businesses and manufacturing units
- We promote loans for water sanitation and hygiene (WASH)
- We do not believe in "one size fits all." We provide scope for different sizes, tenures and interest rates.
- We believe in profit but not in profiteering
