Fixed Deposit and Recurring Deposit
This is an appeal to all the well-wishers of Annapurna Pariwar. Annapurna Pariwar is working since last23 years to empower poor working women. We give small repetitive loans to vegetable vendors, flower /fruit/ fish sellers, women with small enterprises through Annapurna Mahila Co-op Credit Society (Multistate).
We have disbursed around Rs. 300 crores to working women in slums who did not have any collateral security to offer. All these loans have been successfully repaid due to the honest borrowers, visionary leadership, strong software and back office and very good back office and field team.
Our current loan portfolio is Rs. 67 crores and Portfolio at Risk is almost 0%. This is difficult to achieve even for big commercial Banks. Annapurna Pariwar also offers Financial Literacy Training, Health Insurance, Family, Asset and Life Insurance, Pension Service to all its borrowers.
Annapurna Pariwar runs Day care centers for children in slums, offers Educational sponsorship to children of borrowers who are single mothers. Annapurna Pariwar has 5 different organizations which run all these programs for 50,000 families in the slums of Pune and Mumbai and Marathwada, Ichalkaranji and Maval.
We have 350 staff and own offices in Warje and Vashi plus 18 Branch offices in the slums. Funds are very important for all these activities. Hence we appeal to you all to invest in Annapurna Mahila Co-op Credit Society (Multistate). It will fetch you good amount of returns and also give great satisfaction. This investment will be used to give loans to struggling poor women. You may invest any amount from Rs. 1000/- onwards in our "Fixed Deposit scheme".
We would like to mention that we have been paying dividend to all our borrowers from the profits generated since they are also our share holders. You can earn dividend by becoming our shareholder. Do not hesitate to invest whatever amount you can. This is a unique opportunity to earn interest and satisfaction by contributing to a great social cause. Welcome as a shareholder and investor.