MFI Report-
25.9 million213,240121.75.6 million36.2 million213,240
Mission:
Vision of BSS:
To see an India where every child, woman and man can be the best that God meant for him or her to be, without the burden of Poverty.
Mission of BSS:
To do large scale poverty alleviation by providing micro-finance services to poor women, and through them to ... Read more
To see an India where every child, woman and man can be the best that God meant for him or her to be, without the burden of Poverty.
Mission of BSS:
To do large scale poverty alleviation by providing micro-finance services to poor women, and through them to ... Read more
Vision of BSS:
To see an India where every child, woman and man can be the best that God meant for him or her to be, without the burden of Poverty.
Mission of BSS:
To do large scale poverty alleviation by providing micro-finance services to poor women, and through them to their families, facilitating increased earnings, better money management, and life quality improvement.
BSS Culture:
We do not take any one for employment, who believes that some human beings are intrinsically worthy of less respect than others based on what caste their family belonged to. We also do not take any one who believes that to clean the office when necessary, or to share in the cleaning of toilets that they use in BSS, is below their dignity and that such work should be done by low caste persons.
Respect And Value For Our Clients:
The basic human respect carries over to our clients, and is further enhanced with a further recognition of their role in enabling us to succeed. We strive to ensure that all our staff at all levels show respect for our clients in every bit of their conduct with our clients. We further strive hard to bring the best possible value proposition for our clients.
Impact Assessment Survey Result:
An internally conducted Impact Assessment survey of our program on our project members was conducted in January 2004. The results were very positive. 99% reported improved economic status and 90% of the families reported improvement in family food situations. 90% expressed that continued availability of BSS Loans was very important for their family's future. After joining BSS program, 99% reported having more courage and hope about their family's future.
For more details, please find summary word document and excel table of Impact Assessment survey results in Tab Outreach & Impact and also in Tab Library.
Affiliations of BSS:
Practitioner Member of Global Micro Credit Summit Campaign
FWWB India Partner Organisation
SIDBI Partner Organisation
Member of SADHAN, India, a network of Community Development Finance Institutions.
UNITUS, Partner Organisation.
Profitability/Sustainability:
Our Operating Self Sufficiency (OSS) & Full Financial Self Sufficiency (FFSS) have been well over 100% for the past four financial years. We had a good Return on Assets (ROA) for the last financial year 07-08.
External Rating:
We have been evaluated and rated by External Rating Agencies like M-CRIL and CRISIL, India. The latest rating was done by M-CRIL in May 2008 (fourth update). We are given the overall rating grade of “alpha”, with “alpha minus” for Governance, “alpha” for Managerial factors & “alpha plus” for financial performance. Please find attached portion of the Mcril Rating Report in Tab Ratings and also in Tab Library. Full Rating Report available on request. Hide
To see an India where every child, woman and man can be the best that God meant for him or her to be, without the burden of Poverty.
Mission of BSS:
To do large scale poverty alleviation by providing micro-finance services to poor women, and through them to their families, facilitating increased earnings, better money management, and life quality improvement.
BSS Culture:
We do not take any one for employment, who believes that some human beings are intrinsically worthy of less respect than others based on what caste their family belonged to. We also do not take any one who believes that to clean the office when necessary, or to share in the cleaning of toilets that they use in BSS, is below their dignity and that such work should be done by low caste persons.
Respect And Value For Our Clients:
The basic human respect carries over to our clients, and is further enhanced with a further recognition of their role in enabling us to succeed. We strive to ensure that all our staff at all levels show respect for our clients in every bit of their conduct with our clients. We further strive hard to bring the best possible value proposition for our clients.
Impact Assessment Survey Result:
An internally conducted Impact Assessment survey of our program on our project members was conducted in January 2004. The results were very positive. 99% reported improved economic status and 90% of the families reported improvement in family food situations. 90% expressed that continued availability of BSS Loans was very important for their family's future. After joining BSS program, 99% reported having more courage and hope about their family's future.
For more details, please find summary word document and excel table of Impact Assessment survey results in Tab Outreach & Impact and also in Tab Library.
Affiliations of BSS:
Practitioner Member of Global Micro Credit Summit Campaign
FWWB India Partner Organisation
SIDBI Partner Organisation
Member of SADHAN, India, a network of Community Development Finance Institutions.
UNITUS, Partner Organisation.
Profitability/Sustainability:
Our Operating Self Sufficiency (OSS) & Full Financial Self Sufficiency (FFSS) have been well over 100% for the past four financial years. We had a good Return on Assets (ROA) for the last financial year 07-08.
External Rating:
We have been evaluated and rated by External Rating Agencies like M-CRIL and CRISIL, India. The latest rating was done by M-CRIL in May 2008 (fourth update). We are given the overall rating grade of “alpha”, with “alpha minus” for Governance, “alpha” for Managerial factors & “alpha plus” for financial performance. Please find attached portion of the Mcril Rating Report in Tab Ratings and also in Tab Library. Full Rating Report available on request. Hide
Background and Main Challenges:
Background and Main Challenges: The company was originally incorporated as “Oyster Capitals Pvt. Ltd” in 1994, which was then renamed as “BSS Microfinance Pvt. Ltd.” It is registered with Reserve Bank of India (RBI). The Company has taken over the Microfinance Operations of “Bharatha Swamukti ... Read more
Background and Main Challenges: The company was originally incorporated as “Oyster Capitals Pvt. Ltd” in 1994, which was then renamed as “BSS Microfinance Pvt. Ltd.” It is registered with Reserve Bank of India (RBI). The Company has taken over the Microfinance Operations of “Bharatha Swamukti Samsthe” a Registered Public Charitable Trust on 1st April 2008, which was carrying on the Poverty alleviation work since 1997. We are now talking to and looking for potential Equity Investors to invest in the Company, in order to be able to reach many more poor families, and help them to come out of poverty. Our next major milestone that we are working towards, is to reach over one million clients, hopefully in the next 2-3 years.
Geographic Areas of Intended Expansion:
As of 5th August 2008, we are working in 51 branches in twelve districts of Karnataka State. Our intention is to expand all over Karnataka state as rapidly as possible. In addition, we want to get started with the initial work of extending our operations to Hindi speaking states of India, where there is a tremendous unmet need for micro finance for poverty alleviation.
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Geographic Areas of Intended Expansion:
As of 5th August 2008, we are working in 51 branches in twelve districts of Karnataka State. Our intention is to expand all over Karnataka state as rapidly as possible. In addition, we want to get started with the initial work of extending our operations to Hindi speaking states of India, where there is a tremendous unmet need for micro finance for poverty alleviation.
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Address:
No. Com-9 Devaraja Urs Truck Terminal Peenya Main Road, Opp Kanteerava Film Studio, Yeshwanthapura,
Bangalore
Karnataka
560022
India
Phone:
+91 080 3271 1266
Fax:
+91 080 2319 0902
Email:
swamukti [at] swamukti [dot] com
Website:
Main Funding Sources:
Loans
Products and Services:
Loans
Products:
Loans
Micro Insurance (Tie up with an insurance company)
Micro Insurance (Tie up with an insurance company)
Looking for (Investment Types):
Loans in Local Currency
Equity investments
% Operations Comprised by MF:
91 - 100
Date established:
Jan 1 1994
FYE:
31-Mar
Current Legal Status:
NBFI
Regulated:
yes
At a glance
- Assets
- Gross Loan Portfolio
- Equity
Contacts
-
Kavita P BExecutive Director+91 080 3271 1266
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PanchaksharyExecutive Director+91 080 3271 1266
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Ramesh BellamkondaCEOswamukti [at] swamukti [dot] com+91 080 3271 1266
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Suresh BatchuCFOswamukti [at] swamukti [dot] com+91 080 3271 1266
