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About Jagaran

The word “Jagaran” has been derived from Sanskrit and it means “a state of wakefulness”. Jagaran intends to awaken the economically challenged sections of the society, help them to get rid of despair and assist them in building a better life.

Jagaran Microfin Private Limited is a wholly owned subsidiary of GTFS Multi Services Limited and was established with the distinct aim of providing a wide range of financial services, especially in the backward and rural areas. The management conceived the idea of commencing a microfinance business by acquiring M/s SBT Consultants Private Limited, incorporated on 12th January, 1993, a Category B Non-banking Finance Company (converted as NBFC on 18.03.1998) registered under RBI to promote microfinance business. Subsequently, the name was changed to “Jagaran Microfin Private Limited”. Jagaran commenced ...

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Outreach Summary as of March 2017

NO OF STATES COVERED
4

NO OF DISTRICTS COVERED
25

NO OF BRANCHES
88

NO OF ACTIVE GROUPS
40,932

NO OF CLIENTS
1,77,221

GROSS LOAN PORTFOLIO
(INR in Rs.)
148,06,88,973.00

CUMULATIVE AMOUNT DISBURSED
(INR in Rs.)
843,60,45,505.00

NO OF EMPLOYEES
484

RATING & GRADING

Jagaran has been awarded Grade S3 (Good) as Social Rating by M2I in 2016 (a renowned Social Rating agency).

It has received Grading “AA” in Code of Conduct Assessment (COCA) conducted by ACCESS-ASSIST in 2016

CARE Ratings assigned a grading ‘MFI 2’ in 2016 and Bank Loan rating “BBB-“ in 2016 (Triple B Minus) to Jagaran.

Our Philosophy, Mission & Vision

Service Excellence: Provide unfailing service at the right place and at the right time.

Product Offering: Listen to the market and offer practical solutions

Support and Guidance: Understand problems and assist members whenever required

Important Happenings

Grading of Micro Financing Institution( MFI) done by CARE ANALYSIS & RESEARCH LTD. and assigned a Grading of “ MFI 2”( MFI two) in April 2, 2015.

Credit Rating Report done by CRISIL and assigned a RATING OF “ BB/stable( Assigned) ” in January 2015.

RATING of SOCIAL PERFORMANCE

Product Features

Our product offering under the “SARAL” brand is extremely simple considering the challenges of evaluating the income generation opportunity of our borrowers. After detailed analysis, we decided to offer vanilla microfinance products for women entrepreneurs within the JLG (Joint Liability Group) model.

Typically, the maximum product tenure is 52 weeks.

Collection Policy

The primary responsibilities for collection of instalments rest with the Relationship Officer and the Branch Manager. The place of collection is the venue of Center Meetings at each village on the designated days. All collections are completed during daytime and the Relationship Officer returns to the Branch with the collection amount. The fact that our collection process is well accepted reflects in the repayment rate of 99.36%.

CSR INITIATIVE

Basic computer training course to make rural graduates employable for counter sales jobs in Kolkata. A training session for understanding the art of making wonderful soft toys is also undertaken. Wonderful decorative items can be made from jute and there is a very large market for such products

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