Microfinance. MSME. Microcredit

We are focused to serve the “Missing Middle” segment of MSME sector
Loans

Microfinance, is the provision of small credit to low-income individuals or groups who otherwise would have no other access to financial services.
WHO WE ARE?

MBSSWF was established to serve the economically weaker sections of society, bringing them into the mainstream by providing need-based financial services at their doorstep. The focus has been clear, to reach areas where formal financial institutions find it challenging to settle. MBSSWF objectives extend beyond outreach. It believes in providing financial and technical education, as well as strengthening entrepreneurial skills for the effective use of credit. Over the years, MBSSWF has continued to innovate its products and delivery mechanisms to make the entire product life cycle of micro-credit as relevant as possible for its clients.

Our Product

How does it work?

  • Key Microfinance Highlights

    Almost 99% microfinance loans in India are provided to women from low-income households. 98% loans are provided through the Joint Liability Group (JLG) lending model wherein a group of customers, usually 5-10, individually come under JLG to take loans and agree to support and repay the loans if customers in the group face difficulty in making repayment. This group model brings efficiencies in operational costs and leverages social collateral towards underwriting and against the risks of defaults.

  • Microfinance in India

    From 2005-6, many non-profit MFIs converted into for-profit NBFCs and many new for-profit NBFCs also entered the micro-credit business, attracting private capital, commercialization, professionalism, and scale. This fuelled growth, competition, scale with a sharp focus on specialization in delivering micro-credit efficiently and profitably. As a result, within 5 years, the micro-credit industry in India increased multi-fold to reach an outstanding of nearly Rs 20,000 Cr. However, this period also witnessed the challenges around customer-protection including over-leverage, inadequate disclosures, lack of customer awareness, high pricing as well as risks of geographic concentration, ghosts’ loans, local-level interferences and lack of regulations and oversight.

  • Microfinance Sector Outreach

    Today, the micro-credit sector is diverse and competitive with over 100 regulated players – Banks, SFBs, NBFC-MFIs and NBFCs. To ensure a level playing field, in March 2022, the RBI introduced the harmonised guidelines creating an entity agnostic but activity-based regulation. A clear regulatory framework, a sound underlying business model, performance trends overtime, and potentially large un- met demand has attracted private capital to sustain the growth.

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About Us

FAQs

MBSSWF was established in 2023 and is now among the top ten NBFC-MFIs in the WB. It has its roots as a part of a non-profit entity, People’s Forum, an NGO dedicated to the development and welfare of unserved sections of society. Microfinance activities began with the inception of Mission MBSSWF under People’s Forum in 2023. The initiative aimed to reach the interior unserved areas of Odisha, addressing the economic necessities of poor women through door-to-door visits.

To provide financial assistance for economic empowerment. To offer tailor made, need based products for catering to every life cycle need of the clients. To form and promote Self Help Groups(SHGs) /Joint Liability Groups (JLGs) of the Poor, Women, Needy, Oppressed, and to attain improvement in their socio-economic condition through economic activities.

To provide micro loans to those household which are identified as family Below Poverty Line. To cater microfinance services to special category of individuals i.e. Widow, transgender and Persons with Disability. To provide financial assistance to Schedule Castes, Schedule Tribes and to other minority/backward classes.

Get in touch

Head office

Amghata Nadia

Phone 917749783

Email info@mbsswf.com

Branch office

Amghata Nadia

Phone 917749783

Email info@mbsswf.com