Annapurna Pariwar is a group of 5 Developmental Organisations working in Pune and Mumbai since 1993 and covering 1000 slum pockets. Its main aim is to empower poor women and their families in terms of finance, education, health, etc.
Annapurna Mahila Mandal, Mumbai a Charitable trust was set up by Padmashree Prematai Purao and Com. Dada Purao in the year 1975, which was the International Year for Women. Padmashree Prematai Purao is a freedom fighter from Goa , was a leading woman activist in the sixties and a recipient of many national and international awards.
Com. Dada Purao was a Bank Employees Leader.
18 years later the daughter of Padmashree Prematai Purao and Com. Dada Purao, Dr.Medha Purao Samant set up Annapurna Mahila Mandal, a Charitable Trust in Pune in 1993.
She formed a group of 9 vegetable vendors who were borrowing from the private money lenders at exorbitant rates of interest . They were under the clutches of local money lenders in spite of presence of many banks and financial institutions in Pune.
She gave the initial capital of Rs. 9000/- as the first loan to the members of the first group of borrowers in Pune.
Annapurna Pariwar started in the course of time a package of various services for the benefit of the slum dwellers, which are completely need- based.
Annapurna Pariwar has 5 independent Developmental Organizations working under it. The various projects which render a package of diverse services to the urban slum dwellers are run under these 5 organizations. Thus, Annapurna Pariwar endeavors to enrich the lives of the poor through a comprehensive developmental approach.
Annapurna Mahila Multi State Co-op Credit Society Ltd. - Micro Finance
Annapurna Pariwar Vikas Samvardhan. - Micro Insurance
Vatsalyapurna Service Coop Society. - Day Care Center
Annapurna Mahila Mandal, Pune. - Vidyapurna Project, Dada Purao Research & Training Institute
Annapurna Mahila Mandal, Mumbai - Working Women’s Hostel
1) Annapurna Mahila Multi State Co-op Credit Society Ltd. is a Multi State Credit Co-op Society giving small repetitive loans to poor self-employed women and men by forming their Joint Liability Groups (JLG). The organization gives microfinance without any security or guarantee and enjoys a 100% recovery rate.
Microfinance Loans are given to the members for business, education, house repairs, asset creation & old debt repayment.
The loan size ranges between - 10,000/- & 1,00,000/-
The SME- I Loans are given to graduated Members for building houses or business expansion.
The loan size ranges between - 1,10,000/- & 2,00,000/-
The SME-II loans are given to graduated members for business expansion.
The loan size ranges between - 2,10,000/- & 5,00,000/-
Annapurna has generated the savings of members on which they are paid interest.
Annapurna Pariwar believes that microfinance is the most important need of the poor. Microfinance includes services like micro loans, micro savings, micro insurance and Adharpurna old age savings Programm
In addition to microfinance Annapurna Pariwar has been imparting training in financial literacy to its members. Annapurna Pariwar educates clients in a consistent and creative way.
2) Annapurna Pariwar Vikas Samvardhan is a not-for-profit company, owned and run by the members of Annapurna Mahila Multi State Co-op Credit Society Ltd.
Annapurna Pariwar Vikas Samvardhan insures them against death, accidents and health hazards. Every borrower and her family is insured for Rs.72,000 for health problems plus on death, a loan write-off and Rs.15,000 assistance for the family. On the death of a family member of the borrower, an emergency relief of Rs.3,000 is given. This is against a contribution of Rs.675 per annum, per family.
Annapurna Pariwar has launched a long term savings program called "Adharpurna" for its members from 1st April 2016.
This will be for the old age security of its members.
This program will ensure a regular payout to its members when they become 65 years old till the end of their lives.
3) Vatsalyapurna Service Coop Society runs Day Care Centers for the children of domestic servants and other self-employed women in slums.
4) Annapurna Mahila Mandal, Pune implements Vidyapurna Project. It gives scholarships to children of single mothers (widows/destitutes/divorcees) so that these children can pursue their education and have a better future.
Dada Purao Research & Training Institute is being run in the name of our founder Late Com. Dada Purao. This Institute undertakes research studies and various activities exclusively for promoting and encouraging Students & Researchers for studying Micro-finance & Micro-Insurance. It also conducts lectures, seminars, and workshops for disseminating information and knowledge on subjects related to microfinance. It also publishes books.
5) Annapurna Mahila Mandal, Mumbai the first organization in Annapurna Pariwar runs a Working Women’s Hostel at Vashi, New Mumbai.