Hand in Hand India Microfinance Pvt. Ltd.

Mission:

HiH’s vision is to eradicate child labour and household poverty amongst the under privileged, with a focus on education, employment, income generation and empowerment.

Its mission includes:
- Eradicating child and bonded labour by promoting education
- Empowering women by ... Read more

Address:

90-A,Nasarathpet Village,Opp. To Pachaiyappa's Men's College

Kanchipuram

Tamil Nadu

631 503

India

Phone:

+91-44-2726 7065, 27269301

Fax:

+91-44- 272 693 01

Email:

hemantha [dot] pamarthy [at] hihseed [dot] org

Website:

www.hihindia.org

Main Funding Sources:

Grants

Loans

Products and Services:

Loans

Training and Consulting

Products:

Enterprise Promotion Support

Looking for (Investment Types):

Loans in Local Currency

Donations

Capacity Building Grants

% Operations Comprised by MF:

91 - 100

Date established:

Dec 15 2002

FYE:

31-Mar

Current Legal Status:

NGO

Regulated:

yes

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
+ Development goals (ranked by importance)
+ Poverty targets
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises
Loans for education
Water and sanitation loans
+ Savings products offered
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
Enterprise skills development
Business development services
+ Education services offered
+ Health services offered
Basic medical services
+ Women's empowerment services offered
Leadership training for women
+ Products and services targeting the poor
Products and services specifically designed to target the poor:
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
+ Social responsibility to staff
+ Human resources
+ Basis of staff incentives related to social performance
+ Social responsibility to the environment
This institution identifies enterprises with environmental risk
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
Apt Source	Vendor
Snowwood Infocom Technologies Pvt Ltd.	Vendor

MFI Report