Synopsis of SMSSL
SWAYAMSHREE MAHILA SAMABAYA SAMITI LTD.
“SAVING IS STRENGTH”
INTRODUCTION
SWAYAMSHREE “a net working of women groups” is an endeavor of making an arrangement by themselves for provision of sustainable financial services which is a terrible necessity for urban ultra poor, who are exploited by the money lender in the informal sector for their financial need and get no attention of formal financial institution for their predicament and survival. More over the disguised contribution of women folk in strengthening household and national economy is not recognized. This can be more acknowledged and tangible through their active economic and social participation with life affirming skill and confidence in a self participatory way. Self Help group model is chosen as an instrument for mobilizing financial and social capital and stretching out their ability for handling bigger issues affecting their life in gender blind and close society both in financial and non financial sector. This institution, operating on the basic principles of self stimulating, caring, sharing and mutual help, build up women solidarity in a democratic manner right from the grass root level. Economic development is always prelude to embarking upon any kind of development in the community. Micro finance being an important tool for poverty reduction, the client owned, women SHG federation-SWAYAMSHREE is poverty focused Micro Finance Institution designed to address the financial service needs of urban poor vulnerable women in the informal sector economy who have limited or no control over the income.
Origin
EMERGENCE OF FEDERATION
Federation emerged out of expressed need at the bottom along with right facilitation from the top. It is an outcome of joint effort of members and promoting institution Cuttack Urban service Improvement project (CUSIP) under Cuttack Municipal Corporation. Hence the process is both evolution and application. Support of the stakeholders like District Administration and other like-minded individuals/ institutions make easier for growth of the institution. The federation has already established it own office in a rented building and engaged skilled workers for effective delivery of its service package.
Need & RelEvance
SWAYANSHREE PHILOSOPY
Vision:
Build up society, where poor / vulnerable will be able to pull on a healthy life with respect and dignity on a self sustained way along with resource rich.
Mission:
Economic and social empowerment of poor through establishment of client owned sustainable institution, dedicated to the cause of poor and vulnerable in the community.
Goal:
By the end of 2020-2021 SWAYANSHREE would reach to 54806 Women clients through 4150 self sustained SHGs with need based financial services to a volume of 58.68 crores loan outstanding in Cuttack City and its adjoining areas / Districts.
Purpose:
Provide adequate, appropriate, simple financial & livelihood support services through establishment of client owned MFI on a sustainable basis.
Financial Intermediation
Create a socio-economic momentum in the community through SHGs, build up self confidence by women solidarity, and provide non financial services through its net work.
Social Intermediation
NEED FOR REGISTRATION UNDER SHG COOPERATIVE ACT-2001.
Due to enactment of SHG Co-operative Act in 2001 by Govt. of Orissa, Microfinance programme got separated being registered under the said legal entity in the name of Swayanshree Mahila Samabaya Limited, a sister organization under Swayanshree. Govt. repealed the SHG Co-operative Act 2001 and again registered under Orissa Co-operative Societies Act 1962 and name has been modify to Swyamshree Mahila Samabaya Samiti Ltd.
Relevant points for conversion to cooperative are as under:-
Legal status
Registered under SRA 1860. Regd. No- 15645-20
Target Group – Poor & vulnerable women in both urban and rural community.
CO-OPERATIVE STRUCTURE
Coverage
Under Odisha Co-Operative Societies Act - 1962 | |
---|---|
Slums / Villages covered | 205/184 |
SHG formed | 3636 |
Clients covered | 45085 |
SC | 8132 |
ST | 6525 |
GEN | 30428 |
Office (HR)
CEO | One |
Asst. Manager Accounts | One |
Branch Manager | Two |
MIS Accountant | Three |
Computer Asst. | Two |
Internal Auditor | One |
HR/Admin Manager | One |
Field Officer | Thirty Eight |
Cashier | One |
Credit Manager | Six |
Insurance Incharge | One |
Gpw | One |
Support Staff | Three |
Unique Features
Federation Management
Project Area
Service package
Microfinance | Saving |
Credit | |
Insurance | |
Pension | |
Social welfare financial assistance – ( Mangalpanthi ) | |
Health | Health awareness |
Health camp | |
Legal service | Counseling and legal service support to Oppressed/agonized women & destitute in the society. |
Micro enterprise Training | Need based vocational training for enhancing income earning opportunity and family income. |
Social Service | Antiliquor movement |
Sunstroke awareness | |
Flood relief to its members | |
Awareness on registration of birth and death. | |
MDA- (Mass Drug Administration Programme collabaration with CMC) | |
Pari Programe - (Girl Chilrd Traffiking collabrate with Commisionrate Police, Cuttack) | |
Covid-19 - Dryfood, Mask, Sanitizer, Soap Distribution & Awarness | |
Micro enterprise / Business financed (Both in group and Individual) | Garment making / trading / tailoring |
Running petty shops (Grocery, battle, stationary, sweet, fruits.) | |
Fruit and Vegetable vending | |
Rickshaw pulling / repairing, Auto rickshaw, stove repairing. | |
ICE cream making. | |
Fast food / restaurant / hotel / tea stall | |
Carpentry / Leaf plate making. | |
Badi / papad / agarbati / mask making. | |
Plaster of paris / Idol making / soft toy making. | |
Bleaching / phenyl / refill making. | |
Dairy / poultry | |
Glass power making. | |
Betel nut cutting | |
Spices/kitchen items and fast food packaging and marketing. |
Awards/ Prizes/Recognition
Microfinance service
Profile of Financial service
Saving service (as on 31.03.2020)
Total value of loans disbursed: |
Rs.289.82,000/- |
Total number of loans disbursed: |
147098 |
Number of loans outstanding (end of period): |
22,005 |
Value of loans outstanding (end of period): |
Rs.43,42,00,000/- |
Average outstanding balance of loans: |
Rs.20,000 /- |
Value of outstanding balance of loans: |
Rs.43,42,00,000/- |
Value of loans written off during period: |
Nil |
Average loan size: |
Rs.33,667/- |
Average loan term (months): |
17 months |
Average number of credit officers: |
38 |
Micro - Enterprise and Linkage Service
SWAYANSHREE encourages its members to take up various enterprise activities with credit and skill support. It also organizes IGP trg. for potential members under SJSRY and in collaboration with other resource agencies.
Vocational/Business skill trainings imparted
Mushroom planting nos. trained | 66 |
SHG covered | 9 |
Jhuna Agarbati | 10 |
Khalipatra stiching | 61 |
Sewing machines provided | 23 |
Food processing and preservation | 30 |
Business entrepreneurship | 10 |
Jhute article making | 60 |
Flori culture | 20 |
Book binding, Fly leaf/Register/Envelope making | 40 |
Screen printing | 15 |
Artificial Jewellery making | 15 |
Beauty Culture | 20 |
MS Office | 15 |
Mangal Panthi (Social Security Scheme product)
"A social Security Scheme designed to provide assistance of Rs. 1000/- to the kith and Kin of the poorest member at her untimely demise in a group " |
PERCEIVED IMPACT
Future Plan and challenges of SWAYANSHREE