Board Of Director

APRAJITA MICROFINANCE ASSOCIATION(AMFA)

Nand Kishor Paswan

'Founder Of The Company' & 'Propagator (MD & CEO)'

One Having special knowledge business experience of over 7 years in financial sector of diffrent levels. Previous time the business head for rural and agree liabilities LIC of INDIA, SKS Micro Finance and Finance Services LTD, worked almost all the department of finance.

Vivek Kumar

Director And Operating Officer Of The Company

One having special experience in microfinance sector. Almost all the department audit in different company has worked in various capacities just like Caspar Micro Credit Manager and Educational Sector etc.

Sangita Kumari

CEO of the Company

One Having special knowledge and experience in financial sector just like SKS Micro Finance and Educational sector And Rural Sector.

What We Do :-

APRAJITA MICROFINANCE ASSOCIATION(AMFA) is offering both financial and non-financial services to the resources poor unbalanced and marginalized people in rural, semi urban and urban areas to meet the evolving needs of the community and people who are involved in agricultural and small business activities.

APRAJITA MICROFINANCE ASSOCIATION(AMFA) uses the group sending model (SHL) where poor women guarantee each other loans. Borrowers undergo financial literacy training and must Pass a test before they are allowed to take out loans. Monthly meeting with borrowers follow a highly disciplined approach re-payment rates on the company’s collateral-free loans are more than 991 because of its regular monitoring and follow up an loan utilization APRAJITA MICROFINANCE ASSOCIATION(AMFA) has systematically introduced various need based products for its client.

S. No.	Particulars	Agriculture Groups	agri Altial	Micro Enterprise	Handicraftal Handloor
1	Loan Size (INR) 1^st cycle	10,000 - 20,000	10,000 - 20,000	10,000 - 20,000	10,000 - 20,000
2	Loan Size (INR) 2^nd cycle	15,000 - 25,000	15,000 - 25,000	15,000 - 25,000	15,000 - 25,000
3	Loan Size (INR) 3^rd cycle	25,000 - 35,000	25,000 - 35,000	25,000 - 35,000	25,000 - 35,000
4	Above 3^rd cycle	35,000 - 50,000	35,000 - 50,000	35,000 - 50,000	35,000 - 50,000
5	Rate of Interest	20 - 23% Reducing	20 - 23% Reducing	20 - 23% Reducing	20 - 23% Reducing
6	processinng fee	1% of Loan Amouunt	1% of Loan Amouunt	1% of Loan Amouunt	1% of Loan Amouunt
7	Insurance	INR 5.3 in every Rs 1000 of loan for 1 year	INR 5.3 in every Rs 1000 of loan for 1 year	INR 5.3 in every Rs 1000 of loan for 1 year	INR 5.3 in every Rs 1000 of loan for 1 year
8	frequency	Weekly/Fortnightly/Monthly as per Borrowers choice	Weekly/Fortnightly/Monthly as per Borrowers choice	Weekly/Fortnightly/Monthly as per Borrowers choice	Weekly/Fortnightly/Monthly as per Borrowers choice

APRAJITA MICROFINANCE ASSOCIATION (AMFA) LOGO