Data to June 2019
Our partners in India are seeing continued growth, particularly our newest partners Satya and Pahal.
Over the past six months Opportunity has focused primarily on partners in less well-served markets, including regions such as Rajasthan and Bihar. This helps ensure that we are assisting families who have less access to financial services and that our funding is making a substantial impact.
Our Indian partners are investigating methods of using digital technology to make financial services more accessible. Electronic, cashless transactions allow for partner staff to work more efficiently and safely in rural areas and give clients more freedom with their transactions. All of our partners are engaging with this opportunity.
We continue to explore the best methods of maximising the value of our microfinance platform through non-financial initiatives. More information on these programs can be found in our education and health reports.
Our partners continue to grow at different rates, which requires us to continually evaluate where our support can be the most beneficial. While we strive to see our partners perform at the highest level, our main goal is to grow partners to a point where they no longer need our assistance, which then in turn allows us to focus on building smaller partners up to this stage. The growth our partners have experienced in the past six months is contributing to these conversations with partners in which we determine where we can provide the most value moving forward.
India Microfinance Partner Summary
|Families Reached||Loans Outstanding A$'000||Operational Sustainability||Portfolio at Risk >30 days|
*Read our statement on Opportunity's investment with Shikhar
Your support is empowering these women—and millions more like them—to create a new future for their families, free from poverty.
"Our stomachs made us learn, so I learned fast!"
– Manda, Nagpur
Manda needed a way to earn an income quickly when her husband died, so she used a small loan to purchase a sewing machine – and learned how to sew.
"I want women to take inspiration and see that they should do business, too."
– Panchfula, Nagpur
Panchfula used her mother's pappadum recipe—and a small loan—to start a thriving pappadum business from her home.
"I feel proud that now, because of me, others get the same opportunities."
– Renju, Kerala
Renju works as a loan officer for Opportunity's parter ESAF, and oversees more than 900 small loan recipients.
"I want my buisness to grow so I can grow my children with good education."
– Santosh, Rajasthan
Santosh used her loan to support her family's marble business—and to give her daughters the choice she never had.