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VAMA : Bal-Mahila Vikas Samiti

Madhya Pradesh, Gwalior

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Since: July 2013
Founder: Indra Bhushan Verma

Partnership Summary:

Total No. of Loans: 4251

Total amount disbursed: Rs. 43457000

Expected repayment so far: Rs. 36530404

Amount repaid: Rs. 36530404 (1.0)

Amount delayed: Rs. 0 (0.0)

Amount defaulted: Rs. 0 (0.0)

VAMA (Bal-Mahila Vikas Samiti) a leading NGO/MFI in the Chambal-Bundelkhand area for past 23 years. At present it has a linkage of 788 groups of covering more than 189 villages & 47 urban slums of Gwalior district, the BMVS started its loan disbursement operation in July 2006, has gross disbursed loans worth Rs. 18,04,97,100 to 16,908 members. BMVS is committed to provide financial literacy and credits for self-employment, livelihood and other financial and technical assistance to poor.

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