
Cashpor Micro Credit is a non-profit assisting those who live in impoverished communities in India. The organization uses microfinance techniques and loans to help women build a life for themselves and their families in addition to earning enough money to repay the loans provided to them by Cashpor Micro Credit.
Cashpor Micro Credit
Founded in Varanasi, India in 1996, the organization works in Uttar Pradesh and Bihar, India. In addition to microloan assistance, Cashpor Micro Credit also provides scholarships for college education, financial training, health education and insurance programs.
Their mission is to reach all impoverished women throughout the BIMARU states in India, which include the cities of Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh, and guide them in lifting themselves and their families, out of poverty.
Astronomic Growth
As of 2014, Cashpor Micro Credit had 864,551 women actively borrowing loans from them, according to Mix Market statistics. Their gross loan portfolio, which comprises all outstanding client loans, reached 147.4 million, with the average loan per borrower averaging 170 dollars. This has allowed them to maintain a 40 percent business growth over the past few years.
In total, Cashpor Micro Credit has 341 branches in and around the BIMARU states. Cashpor Micro Credit is known for its efficient business model, the way in which it manages its finances and assets and the fact that Cashpor Micro Credit shares this knowledge with its clients to ensure a proactive use of their loans.
Three Main Programs
Its credit plus activities are divided into three major programs. This program assists members through scholarships, health education and a community health facilitator program.
The scholarships allow members to send their children to college, thus distancing them from the poverty line.
Cashpor’s health education teaches overall health to their clients. During their regular business meetings, community leaders are required to engage in 15 minute discussions about health, including how to best fight illnesses in children.
The community health facilitator program is designed to provide clients with a health mentor, who will give health intermediary services. The program designates 80 women, who are trained in health and assigned to 300 Cashpor clients. The program is run in each district Cashpor operates in.
Improving Quality of Life
Cashpor Micro Credit continues to assist those in India struggling to get out of poverty and will continue until the quality of life in India becomes sustainable, abundant and efficient.
– Julia N. Hettiger
Photo: Flickr




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