Message from Mr.Anand Rao

The year 2015 -16 has been a very good year for the

microfinance industry. The industry (largely the NBFCMFI’s) grew their asset book by 84%. Eight NBFC-MFIs were granted provisional in principal Small Finance Bank (SFB) licenses. Two of the MFIs which got the provisional SFB licenses had very successful IPOs. Bandhan Bank, another MFI which became a universal bank last year has had a good start as a bank. Today, the industry is being perceived as catering to a large un-tapped market, as being well regulated and having good governance standards. With higher expectations, have also come challenges, which the industry has to over-come in the coming years. One, with year on year of rap-id growth, growing responsibly, which is to ensure that over lending to borrowers, which the sector has seen be-fore, does not repeat. Today, MFIs use a credit bureau to check borrower’s credit history. However, this needs to be strengthened by improving data accuracy by moving towards Aadhaar authentication and getting all players operating in the space (NBFC -MFIs, NBFC’s, banks and NGO’s) to operate on agreed common rules of borrower over indebtedness. Another challenge for the sector is to broaden its lending approach, which is today primarily Joint Liability Group unsecured lending to women bor-rowers, if the sector wants to meet the broader financial needs of low income households. At Chaitanya, we are also fine tuning our strategy based on the larger challenges of the industry. We continue to focus on rural markets where the intensity of competition is less compared to urban and semi urban areas. We have also expanded geographically into Maharashtra and ac-tively looking to expand this year into North India. We are moving in the direction of being a multi -Product Company with our operating holding company getting a NBFC license this year. Internally, we are focusing on building the skills for sourcing and underwriting secured loans. Today, our secured loan book has two products – 2 wheeler loans and micro housing loans. Our 2 wheeler loan book is in 6% of our loan book and micro housing is 2.5% of our loan book. By the end of this financial year,

2 wheeler and micro housing should each be around 9% of our loan book. In addition to these two secured loan products, we would also be starting micro enterprise loans this year. Being a double bottom line company, making a positive

impact in the communities we work in is very important

to us. Our community activities focus on three main ob-

jectives. One, any activity we take should have an out-

reach comparable to our microfinance outreach. Two, is

to focus on improving the economic well being of people.

Three, pursue activities which are part of a larger national

agenda. Some of the CSR activities we have focused on

in last quarter have been: livestock health camps; finan-

cial literacy programs and skills development programs.

You can read more about it in this newsletter.

.

Total Districts 22

Total Branches 89

Total Villages 6079

Active Borrowers 1,51,281

Portfolio [INR] 257.49

Total Employees 912

OPERATION HIGHLIGHTS 30th June 2016

CHAITANYA UPDATE

Mallikarjun Vaggar

Loan Officer, Haliyal

Satish LS Product Manager

Contact Us: Chaitanya India Fin Credit Private Limited

#98, 3rd Floor, Sirsi Circle, Mysore road, Chamarajpet, Bangalore-560018

P: +91-26750010 / 26756767 E:Email: admin@chaitanyaindia.in W: www.chaitanyaindia.in

Guru Branch Manager , Holalkere

Skill of Writing

Watch Financial Literacy & Awareness YouTube video created by Sateesh https://www.youtube.com/watch?v=WmHNIzxSQts

LIVESTOCK HEALTH CAMPS

The 6th annual day celebrations of Chaitanya brought out the

essence of cultural diversity. Every year Chaitanya invites not only its employees but also employee family members to celebrate its success. The event was organized for two days- Day I- Formal & Cultural and Day II- Sports. A colourful cultural program and Award distribution ceremony marked the 6th annual day celebrations of Chaitanya. Mr. Samit Shetty, Managing Director inaugurated the program. The winners in various departments received awards for their excellence performance for the financial year 2015-16. Employees of dif-ferent regions presented a cultural program. Glimpse of Annual Meet: View the Photos and Videos here

http://chaitanyablogcommunity.blogspot.in/#

The objective of the program is to

provide the Veterinary Clinical services

for the benefit of rural people.

FINANCIAL LITERACY PROGRAM

Spreading the message on Financial Literacy through village pro-

grams are helping us to create awareness among the financially ex-

cluded people in villages on various social security schemes like the PMJDY, PMSBY, PMJBSYand Sukhanya Suraksha Yojana Etc. In this quarter we have organized Six [6] Literacy Programs in 4 differ-

ent Districts- Dharwad, Belgaum, Uttar Kannada and Chitradurga in joint collaboration with Jnana Jyoti [Sponsored by Syndicate Bank],

Amulya [Sponsored by Canara Bank] and KVGB [Sponsored by NABARD].The program was delivered to more than 500 villagers

during this period For More Information:

http://chaitanyacommunity.blogspot.in/2016/02/financial-literacy-and-awareness-program.html

ENROLMENT AND FACILITATION OF SKILL TRAINING

PROGRAMS

We have been implementing various programs related to enrolment

for skill development training. The objective of the program is to encourage youth [Both Men & Women] in the villages to undergo

with the residential trainings, provided by RUDSETI & RSETI train-ing institutions. We are organizing these programs with the kind

support of RUDSETI Dharwad, Chitradurga and RSETI Halyal, Raichur.In upcoming days we are working with more training insti-

tutions so that the villagers get the maximum benefit from these trainings. In this quarter in total 37 candidates were registered for different types of trainings like- Computer Hardware, Computer

Basic, Photography, Tailoring, Beautician course and Motor rewind-ing etc.

For More Information:

http://chaitanyacommunity.blogspot.in/2016/07/enrolment-facilitation-of-skill.html#

We believe the veterinary aid camp will help the local people to improve

their animal production. Recently two Veterinary Health Camps were orga-

nized by Chaitanya for the benefit of rural farmers. Camps were organized in

collaboration with Animal Husbandry Department- Shimoga District on 13th

June 2016 at Mudub Siddapura, Tq: Shikaripura and in Davangere District on

20th June 2016 at Hotyapur, Tq: Honnalli. Mr.Bhaskar Naik [District Veteri-

nary Officer], Mr.Jayanna [Surgeon], Dr. Basavaraj Hugar Dr.Kumar and

team of Shikaripura Branch [Chaitanya] were actively involved in this Mudub

Siddapura Veterinary Camp. Dr. Chandrashekar, Dr. Harish, Mr. Krishna

Murthy [veterinary assistant] and team of Sasvehalli Branch [Chaitanya] were

also participated in the Hotyapura village Veterinary Camp. Sizable number

of animals from Mudub Siddapura and Hotyapura villages were brought for

the treatment in the camp. During the camp, Two hundred and Thirty (230)

animals were treated for different medical, surgical and gynaecological

ailments.

Residents of Mudub Siddapura and Hotyapur village, expressed gratitude to

the Chaitanya & Veterinary team for its medical assistance.

Organised by Honnalli Region

For more information:

Blog http://chaitanyacommunity.blogspot.in/2016/03/social-awareness-programs_28.html#

Gynaeco-Clinical Examination During Camp Free Medicines for Animals Awareness to the villagers for better productivity

Camp Venue

Camp Venue