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of field staff
(Microfinance) trained
by Team Samridhi intheir Barabanki branch.
Arman Financial Services, an Ahmeda-
bad based NBFC listed on BSE, has
entered into an agreement with Sam-ridhi Financial Services for
providing
microfinance services in Ahmedabad.
Samridhi team would bring along with
them the required expertise in the
field of operations, accounting and in-
formation technology for the purpose
of starting and expanding the business
of microfinance for Arman which has
strong presence in the field of per-sonal finance and vehicle
finance. The
relationship is expected to bring about
a mutually complimen-
tary arrangement
wherein both the par-ties involved would of-
fer services in thesphere of their exper-
tise. Armans first batch
Besides having robust MIS Softwarethat keeps track of all the
field activi-
ties, the IT Team of Samridhi has
also come out with an in house
HRMS Software. This software will
enable Samridhi with all their HR
Systems such as Pay Roll, Atten-
dance, Performance Management
System, Recruitment, Employee Da-
tabase Management, etc. Samridhi is
one of the only MFIs that has an
HRMS software.
Arman inks partnerships with Samridhi
Samridhi Automates its HR Systems
Foot Prints2 J A N U A R Y , 2 0 0 9V O L U M E 1 , I S S U E
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P A G E 3V O L U M E 1 , I S S U E 1
In the recently held meeting of the promoters, the promoters of
Samridhi have decided to raise
more equity. This shows the faith that they have placed in
Samridhi and its team in these troubled
times. This should enable Samridhi to reach its target of 1000
clients by 31st March, 2009.
nance map of India. Samridhi
has entered into discussionswith NABARD, SIDBI,
FWWB, Trust Microfin Net-
work, HDFC and Manaveeya
Holdings. TMN team is ex-
pected to visit Samridhi field
also to take Samridhis case
forward.
For the purpose of equipping its
staff with the requisite technicalexpertise Samridhi has also
opted
for getting inducted in the ABN
Amro Foundation- MICROSAVE
program. MICROSAVE team also
conducted RIA with Samridhi
Team in the month of December.
Keeping in mind its expansion
plans Samridhi has starteddiscussions with the financial
institutions which have spe-
cific focus on Microfinance
sector and believe in incubat-
ing the startups in this field to
make sure that there are no
white patches on the microfi-
Samridhi sets its eyes on the next Fiscal
Promoters place their faith in Samridhi Always do right.This
will gratify
some people and
astonish the
rest.
Mark Twain
it even more significant that this is high as most of the
clients are
first time borrowers from any Microfinance organization.
Higher loan size would enable clients to meet their need
without
being dependent on any other source as well as it would
ensure
greater profitability for Samridhi.
In its third month of expanding opera-
tions Samridhi team has been able to
touch 155 more lives in its microfinance
operations. These people are spread
over 12 new villages which Samridhi has
entered. The rate of member induction
on per staff basis is higher for the Sam-
ridhi team than its peers present in the
same geography for quite some time.
Also total of more than 11 lacs were dis-
bursed as loan to total of 116 clients in
this month.
The average loan disbursement for Sam-
ridhi clients has been Rs. 9379 which is
high compared to its peers. What makes
Samridhis Outreach: Challenging the limits continuously
