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Swadhaar is supported by several local and international partners for funding
and technical assistance. |
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ACCION International |
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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 |
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Friends of Women’s World Banking (FWWB) |
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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
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ICICI Bank |
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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
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The Michael and Susan Dell Foundation |
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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 |
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Unitus |
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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 |
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The Citibank
Microfinance Group |
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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. |
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HDFC |
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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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