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Swadhaar is supported by several local and international partners for funding and technical assistance.  

 

ACCION International
 

ACCION International is a private, nonprofit organization with the mission of giving people the financial tools they need – microenterprise loans, business training, and other financial services – to work their way out of poverty.  A world pioneer in microfinance, ACCION was founded in 1961 and issued its first microloan in 1973 in Brazil.  ACCION International’s partner microfinance institutions today are providing loans as low as $100 to poor men and women entrepreneurs in 22 countries in Latin America, the Caribbean, Asia and sub-Saharan Africa, and in the U.S.  In the last decade alone, ACCION partners have disbursed more than 14 million loans totaling more than $9.4 billion; 97 percent of the loans have been repaid.  Selected for the third consecutive year for its pioneering approaches to poverty alleviation, ACCION was among 25 organizations awarded the 2006 Social Capitalist Award by Fast Company magazine. For more information, visit www.accion.org. ACCION provides technical support to Swadhaar, assisting them with their lending methodology and approach, and has appointed a microfinance specialist to work with Swadhaar for a period of two years.

For more information, visit http://www.accion.org

   

Friends of Women’s World Banking (FWWB)
 

Friends of Women’s World Banking is based in Ahmedabad, India.  Its mission is to assist in the formation and strengthening of women’s organizations.  It is also engaged in financing retail level MFIs.  FWWB has extended financial assistance to Swadhaar for capacity building costs as well as for on-lending funds.

For more information, visit http://www.fwwbindia.org

   

ICICI Bank 
 

ICICI Bank, India's second largest commercial bank and the largest in the private sector, is also deeply committed to micro finance. It has extended financial assistance to Swadhaar for on-lending. The bank has also given selected staff of Swadhaar an opportunity to understand branch operations of a commercial banking institution through an exposure visit to one of its branches. Swadhaar is also a business correspondent of ICICI, offering a savings product to its clients in that capacity.

For more information, visit http://www.icicibank.com

   

The Michael and Susan Dell Foundation 
 

The Michael and Susan Dell Foundation was established in 1999 by the Dell family to improve outcomes for children living in urban poverty.  Based in Austin, Texas, the Foundation funds programs that foster and improve education, health and safety for children around the world.  With an endowment of more than $1billion, the Foundation has committed more than $270 million to date for children's issues in the United States and globally.  Because of the proven social impact of microfinance, the Foundation is keenly engaged in bolstering growth-oriented microfinance institutions that have the potential of reaching millions of un-served poor. The centerpiece of MSDF's initial efforts in microfinance is to catalyze the development of the urban microfinance market in India by providing risk capital to start-up microfinance organizations. 

For more information, visit http://www.msdf.org

   

Unitus 
 

Unitus is a nonprofit organization taking a hybrid approach to fighting global poverty using proven strategies from the venture capital, investment banking and strategy consulting industries. Unitus forms partnerships with high-potential Micro Finance Institutions (MFIs) operating in developing countries and provides them with both, capital and capacity-building assistance, while connecting them to capital markets.  Unitus currently partners with MFIs in Africa, Latin America and Asia, with a strong focus on India.  By 2015, Unitus MFI partners plan to reach 10 million clients in India alone.  Swadhaar is Unitus' 7th Indian MFI partner. Unitus plays a key role in helping Swadhaar to achieve its growth goals by committing capital and providing assistance in areas such as financial management, human resources and information technology.  Unitus also assists Swadhaar in recruiting middle and senior level staff as well as in its efforts to set up a Non-Banking Financial Company (NBFC).

For more information, visit http://www.unitus.com

 

 

The Citibank Microfinance Group
 

The Citibank Microfinance Group works with Micro Finance Institutions (MFIs) as partners and clients to expand access to financial services and products to the "unbanked" who are not currently reached by the formal banking sector. The focus of the business group is to increase MFI access to capital, develop capacities, and support the microfinance sector as a whole. In addition to financing, the Group offers microfinance customers a first-time saver's account facility - with no minimum balance, no charges, but with all the facilities that a customer would need including access to biometric ATMs. 

   

HDFC
 

HDFC is committed to lending to microfinance institutions, and has been associated with Swadhaar since April 2007. HDFC extends credit to Swadhaar at commercial rates for on-lending.

   

 

      

  

 

 

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