1. LOAN DETAILS

Performance report for the month of May 2016

S. No. Particulars Outreach
1 No. of States 1
2 No. of Division 1
3 No. of Region 1
4 No. of Branches 12
5 No. of Districts covered 6
6 No. of blocks covered 25
7 No. of Staff 68
8 No. of Field staff 44
S.No Details
Own Portfolio
Managed Portfolio
Total
9 No. of  Groups formed 1583 7370 8953
10 No.of Groups A/c Closed 1011 7109 8120
11 No. of active groups 481 3856 4337
12 No. of  loans disbursed 11763 51480 63243
13 No.of borrowers A/c Closed 8587 31787 40374
14 No. of Active loans 3176 19693 22869
15 No. of loans disbursed during this month 40 1758 1798
16 No. of loans disbursed during the year 40 3082 3122
17 No. of Cumulative loans disbursed 11763 51480 63243
18 Loan disbursement during this
 month in million
1 47 47.5
19 Loan Disbursement during the Year in million 1 84.234 85.234
20 Cumulative loan disbursement in million 113 890 1003
21 Loan outstanding in million 23 374 397
22 On Time Recovery 99.90% 99.98% 99.88%
23 Late Time Recovery 0.1 0.02 0.12%
24 Portfolio at Risk ( PAR ) Above 30 days Nil Nil Nil
25 Repayment Rate 100% 100% 100%

Loan Products guidelines

GMF is complying with all the guidelines as prescribed by RBI vide letter dated 3rd May 2011 (Based on Malegam Committee recommendations) pertaining bank loans to Micro-Finance Institutions.

  1. Loans are sanctioned for supporting and enabling the members for undertaking income generation activities.
  2. Loan processing fee is charged at the time of disbursement.
  3. Penalty is not charged in case of default.
  4. Prepayment allowed but without penalty.
  5. Admission fee will not be taken.
  6. Loan is without collateral.
  7. Security deposit is not taken at the time of disbursement.
  8. Loan is repayable by monthly instalments.