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| Ajiwika is a Section 25 Not-for-Profit Company promoted by Network
for Enterprise Enhancement and Development Support (NEEDS) a public
charitable trust founded in 1997. It is the first Microfinance
Institution in Jharkhand State in India. Ajiwika is operating in one
of India's poorest regions where over 80% of potential clients are
unserved and where few Microfinance institutions operate. At present
Ajiwika offers microcredit and insurance for its target clients.
Ajiwika is led by its CEO,Mr. Tanay Chakravarty, who is also one of
the founders. He has an in-depth understanding of microfinance and
has about 24 years of experience in developmental activities which
include education, livelihood, training and poverty alleviation. He
has been selected as a visionary leader by the David & Lucile Packard
Foundation.
Ajiwika is governed by an eight-member Board. Mr. Tanay Chakravarty is
the executive board member. Mr. Murari Choudhury, the Executive
Director of NEEDS, is also on Board of Ajiwika. The other six board
members hold diverse experience in the field of development, banking
and Microfinance.
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| Our Partner: |
Ajiwika Society |
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Website: |
http://www.ajiwika.org |
| Inception Year: |
2006 |
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Partner Since: |
2009 |
| Total Guarantees: |
$129557.45 |
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Credit Risk Rating: |
Beta Plus |
| Delinquency Rate: |
2.67% |
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Default Rate: |
0.0% |
| Target Clients: |
Poor, Ultra poor |
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Ownership Structure: |
Non-profit |
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UnitedProsperity.org is a U.S. 501(c)3 non-profit organization