N.S. Parihar

CEO, Shakti Mahila Sangh

This year has been a year of growth coupled with efficiency for Shakti Mahila Sangh (SMS).SMS could expand to 814 villages building membership base of 28, 540 women with a permission to operate in seven districts of Madhya Pradesh. Operationally we focused on expanding in the two new branches opened during 2017-2018. As on 31st March 2019, the gross portfolio outstanding was INR 38.1 crore which is 22% more than as on March 2018. This year, we focused on increasing our own portfolio and achieved 65% of the gross portfolio (INR 24.65 crore) as own portfolio. This year, SMS reduced its dependence on BC portfolio stricting its BC portfolio to 35% of total portfolio. SMS has doubled its deposits from INR 4.9 crore as on March 2018 to INR 8.2 crore as on March 2019 with increasing the average deposit per member to double its value during the last 12 months and introduction of daily deposit product. SMS has launched a new saving product wherein the members can save daily deposits of Rs 30/50/100 for a period ranging from 1-2 years.



SMS projects daily collections to reach Rs. 50 lakhs by the end of August 2019.SMS will also launch its new individual loan product in the coming financial year.SMS has been able to achieve 100% repayment rate in the last 5 years and this year also we could maintain the same. The overall good performance on the portfolio quality is due to good credit culture, client selection and orientation, peer pressure to maintain client discipline, reliable assessment of repayment capacity of borrowers and prompt follow-up in case of delinquency.This year SMS could also able to improved operating expenses ratio (OER) has improved from 15.5% in FY18 to 12.9% in FY19 due to decrease in personnel expenses. Operational Self Sufficiency for FY19 increased to 121% from 118% in FY18. SMS has applied and is hoping to receive Multi State Cooperative Licence and start operations in adjoining districts of Uttar Pradesh and Chhattisgarh and envisions to reach gross outstanding portfolio of Rs.75 crore. In Nutshell, I would like to conclude that FY 2018-2019 was a successful years for SMS. SMS not only could provide financial services to its members but also a set of non financial services. It has also given the confidence to expand our operation in more areas that we could serve more people from underprivileged section and achieve our mission and vision.

Work Experience

  • Presently working in Shakti Mahila Sangh Bahuuddeshiya Sahkari Samiti Maryadit Majholi as a Chief Executive Officer ( CEO ) since Apr 2007.
  • 3 Years Experience in BASIX as a Livelihood Support Advisor ( LSA ).
  • 5 Years Experience in Tarun Sanskar ( NGO) as a Supervisior .
  • 2 Years Experience in Mahila Kalyan Society Samiti Anoupcharik Primary Education as a Advisor.
  • 2 Years Experience in Reliance Life Insurance Company as a Advisor .

Educational Qualification

  • Finance and HR ( M.B.A.)
  • Master Of Arts ( M.A.)
  • Bachelor Of Arts ( B.A.)
  • XII From Board of Secondary
  • Xth From Board of Secondary


  • Participated In SHG's training programme sponsored by Mahatma Gandhi Gramin Vikas Sansthan Jabalpur.
  • Participated In Training programme on JLG based lending sponsored by BASIX.
  • Participated In Training programme on Book Keeping and Accounting sponsored by BASIX.
  • Participated In Training programme on SHGs Management sponsored by BASIX.
  • Participated In Training programme on SHG's Bank Linkage, Health development in Rural Area Sponsored by Tarun Sanskar.
  • Training in State Bank of India Microfinance Branch - Bhopal on Lending to SHG's.
  • Training in Lok Biradari Trust ( LBT ) Badnawar on JLG/SHG Book Keeping & Microfinance.
  • Training in Sangini Organisation Bhawanipatnam Kalahandi Orissa on SHG;s records keeping & Organisation Management.
  • Participated In REDPs/SDPs Programmes For NGOs sponsored by Bankers Insititute Of Rural Development ( BIRD ).
  • Participated In Work Shop On Product Development For CBMFI's sponsored by Friend's Of World's Women Banking India ( FWWB ) Ahmedabad.
  • Training in on SHG's records keeping & Organisation Management Orissa SwyanshreeMahilaSamabayaLmt. Cuttack Orissa.
  • Financial Literacy Programme( FWWB) Ahmedabad.


Growth in outreach & portfolio

Total outreaches to the poor with our loan product increased from 14,201 members to 24,645. Similarly this increment can clearly be seen in portfolio & No. of SHGs which increased from Rs. 39,182,210 to Rs.300,132,009.00 and from 1423 to 2395 respectively with 100% recovery.
This year, we have also started working as Business Correspondence for IDBI Bank. We disbursed around Rs. 10 core to 3210 members as income generating loan.


Growth in outreach & portfolio

Like credit, a significant change can be seen in Savings program. All members availed the facility of Savings as per their savings capacity and their needs. Total 24,645 members saved through the Compulsory Deposit (CD) and Recurring Deposit (RD) products Rs. 11,528,000.00 & 10,589,000.00 respectively. Apart from this Rs. 22,157,000.00 has been deposited as Fixed Deposit (FD) by members.


Training Program

2015-16 was also favorable year for our livelihood support training programs. Under our regular training programs, we had trained approximately 50 members in stitching, 40 members in computer literacy and 370 members in accounting through SHG training programs.

Another initiative of financial literacy training was taken and 400 women entrepreneurs were trained on importance of financial planning, savings & budgeting. They were also trained on how to calculate and understand the rate of interest of loan etc. This was done with the support of FWWB, who not only funded the program but also provided technical training for the same.


Future Planning

In closing I would like to conclude that FY 2015 -16 was a successful year for SMS. We have not only rolled out our operation in new areas but also successfully served our members. It has also given the confidence to expand our operations in more areas so that we could serve more people from unprivileged section and achieve our mission and vision.

Hence, SMS is pro-posed to convert into multipurpose multi state society under the Multi-State Cooperative Societies Act, 2002 and in next three years we want to achieve new heights so that we could double the outreach in terms of membership and providing different services. Thanks for reading,

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