THE SAATH MAHILA SAVING

& CREDIT COOPERATIVE

SOCIETY LIMITED

ANNUAL REPORT: 2019-20

Email: saathmahilasavings@gmail.com

Phone: +91 972 570 8023

Web: saathmahila.org

Registration No. AHM/SE-39905/12

Registered Office:

O/102, Nandanvan 5, Jodhpur,

Nr. Prernatirth Derasar Ahmedabad

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TABLE OF CONTENT

01PAGE 03 From CEO’s Desk

02PAGE 04 Our Vision Mission

03PAGE 05 Our Partner

04PAGE 06 Our Milestones

05PAGE 07 Our Reach

06PAGE 08 Key Features of 19-20

07PAGE 12 Our Impact Stories

08PAGE 15 Our Financial Report

09PAGE 17 Our Team and Offices

10PAGE 18 Our Board

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The year 2019-20 was remarkable in many ways as we have able to serve more number of women and supported them in strengthening their livelihood options. We have also explored new partnership and collaborated with new financial partners like Sammunati and Usha Finance, at the same time we have to strengthen our partnership with existing financial partners like Milaap, FWWB and Saath Savings. The Coronavirus pandemic (COVID 19) and the nationwide lockdown at the end of the financial year i.e. March 2020 have disturbed the operations in every sector including co-operative sector across the globe. The savings and collection of The Saath Mahila Saving and Credit Co-operative Society have also got affected because of the pandemic. The Saath Mahila Saving and Credit Co-operative Society Limited are always blessed to have members, staff, board members from different sector of development, who have always trusted co-operative and supported in its day to day activities and are also supportive even during the pandemic. The learning of the year has provided us with the opportunity to explore new options and work towards taking co-operative to the next level. All i.e. community women, staff and as well as board members are committed to upscale our existing system and reach in the coming year. I would like to thank staff, Board members, Advisors, Financial partners for having trust in co-operative and its work. I cannot forget to express my gratitude to the women from the community, without whom our existence and success would have not been possible. Lastly would like to thank Mr Smit Lad, an intern from IIM Rohtak for compiling and designing the annual report. With Best Regards Shyam Prakash Singh

CEO, The Saath Mahila Saving and Credit Co-operative Society Ltd.

From CEO’s Desk 01

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O2 Our Vision Mission

To empower women by

improving their lives

through programs

leading to social and

Economic empowerment

MISSION

Women have hope, self-

esteem and the ability to

control their lives and

destinies.

VISION

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Financial Partners • Gruh Finance

• Milaap

• FWWB

• Saath Saving cooperative

• USHA Financial Services Pvt Limited

• Samunnati

Banking Partners

• ICICI Bank

• YES Bank

• Indian Bank

Insurance Partner

• Kotak Life Insurance

O3 Our Partners

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O4 Our Milestones

2009

Initiated as Women Empowerment

Program (Child Rights for Change) of Saath Charitable

Trust

2012

“The Saath Mahila Saving and Credit Cooperative

Society Ltd” was registered as rural Co-operative

2011

“The Saath Mahila Saving and Credit Cooperative Society Ltd” started its operation in 2 blocks

(Dholka and Viramgam) with 400 Rupees

2015 – 16

• Membership increased to 6000 (approx) women from

4 districts • Received first external borrowing of Rs. 25 lakh

from Indian Gramin Services (IGS)

2017-18

• Membership increased to 10,000 plus through 6

branch office • Partnership with Milaap • Savings increased to 1. 34

crore (approx) • Loan disbursement of 6,35

crore • 99% Recovery Rate

2019-20

• Total Membership of 15000 plus members through 6

branch office • Cumulative Savings INR 3.30

crore • Total loan disbursement of INR

12.84 crore • 99.4% Recovery Rate

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O5 Our Reach

The Saath Mahila Saving And Credit Cooperative Society Limited is presently working

in Ahmedabad, Mehsana, Surendranagar and Gandhinagar Districts. It covers more

than 89 villages through 7 branch offices in Dholka, Viramgam, Patadi, Ahmedabad,

Mansa, Kalol and Kadi. The Saath Mahila Savings and Credit Cooperative Society

Limited have 15000 plus total Membership.

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13232540 2563 2483 2956

3555 43325746

7382

2011-2012

2012-2013

2013-2014

2014-2015

2015-2016

2016-2017

2017-2018

2018-2019

2019-2020

1024759

3298683

6427233

5724670

8460410

1154208514073073

1521666230307489

MEMBERS

The members increased by 28% as

compared to the last year i.e. 2018 -19 thus total members in the year 2019-20

are 7382.

SAVINGS

The savings increased by 99% as

compared to the last year i.e. 2018-19, thus total savings in the year 2019-18 is

INR 30307489

O6 Our Key Features of 19-20

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1918930 8676310 1010625213660000

26415000 43315220

63581132

99747361

128475000

2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020

2011-2012

2012-2013

2013-2014

2014-2015

2015-2016

2016-2017

2017-2018

2018-2019

2019-2020

1547650

6808937

11874880

12200450

17365798

26627840

39636335

63462655

92794846

LOAN DISBURSEMENT The loan disbursement increased by 28.80% as compared to last year

i.e. 2018-19, thus total loan disbursement is INR 12,84,75,000

The loan recovery rate of Saath Mahila Savings and Credit Cooperative Society Limited for 2019-20 is 99.41%.

LOAN OUTSTANDING

The loan outstanding increased by 44% as

compared to the last year i.e. 2018 -19

thus total loan outstanding in the year 2019-20 is INR

92794846.

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Loan Purpose Loan Disbursed Amount

Agriculture 36138000 Enterprise 50087000 Dairy & Artisan 18906000 Livestock 3922000 Social & Other 19422000 Total Loan 128,475,000

28%

39%

15%

3%

15%

Purpose of LoanAgriculture Enterprise Dairy & Artisan Livestock Social & Other

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Nanduben Baluji Thakore

Nanduben lives with her husband and three children at Thardu village of Kadi Taluka,

Mehsana District of Gujarat. Nanduben and her family own 3 bigha of land, along with

farming in their and they also works as daily wager. Nanduben’s financial condition was

pathetic and thus she is unable to take care of educational expenses of her children, rather

her children use to support in the farm. Nanduben became member of The Saath Mahila

Saving and Credit Co-operative Society Limited in the year 2019 and applied for the first

loan of Rs. 25000/-. With the help of the credit availed she purchased a buffalo as well as

seeds for yielding. Naduben shares that she is been able to get 5 liters of milk every day

from the buffalo and thus her monthly income has increased between 5000 to 6000 INR

pre month. The credit facility provided by The Saath Mahila Saving and Credit Co-

operative Society Limited has helped not only in increasing my regular income but also

supported in sending my children to schools. I have no words to express my gratefulness

to The Saath Mahila Saving and Credit Co-operative Society for bringing change in my life

and making me free from the struggle.

O7 Our Impact Stories

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Induben Khumansinh Chavda

Induben Khumansinh Chavda, resident of Rajoda village of Dholka. Induben and her family

member are only dependent on the agricultural income. Induben and her family were

facing lot of problem because of lack of money to buy seeds and other infrastructures

along with the lack of rain. Induben is part of Saath Mahila Saving and Credit Co-operative

Society Ltd since 2017.. In 2019 when Saath Mahila Credit Co-operative Society Ltd

reintroduced the loan product related to agriculture, Induben felt herself blessed and

applied for the loan of Rs 40000/-. “A farmer can show his/her best when he/she is in the

field” says induben. With the help of the supported provided by Saath Mahila she was able

to purchased seeds and other equipments and thus was able to increase her income by Rs

5000/- per month. Induben shares that her life has moved on, she can earn more, her

agriculture production has increased and so she can live a happy and satisfied life.

Sonalben Sunilbhai Thakor

Sonalben Sunilbhai Thakor Viramgam is associated with Saath Mahila Saving and Credit

Society Ltd since 2014. Sonalben lives with her family in Bhojva village of Viramgam.

Sonalben have a small land but because of lack of money was not able to cultivate it and

thus, her husband the only bread earner of the family used to work as the casual labour. In

2019 when Saath Mahila Saving and Credit Co-operative Society introduced their loan

product especially related to agriculture, Sonalben was amongst the first few who applied

for it. She took this as an opportunity to invest in cultivation in her own land and with her

own conditions. Loan of Rs, 50000/- was approved, with the same money first thing which

Sonalben purchased was seed and motor (to pull water till her land). Both Sonalben and

her husband are very happy and satisfied as now they don’t have to work for others rather

they are cultivating their own land and are able to save money for themselves and

education of their children.

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Sitaben Dhirubhai Kangsiya

Sitaben Dhirubhai Kangasiya lives with her husband and family members at Kangsivas,

Dholka. Sitaben have a big family i.e. consisting of 8 members. Her family’s financial

condition is pathetic. Sitaben had taken a loan from the local borrower at the high rate of

interest and all her earnings used to in paying her debts. She became a member of The

Saath Mahila Saving and Credit Co-operative Society Ltd in the year 2016. She and her

group applied for the first loan of Rs. 20,000/-, she initiated a small enterprise i.e. cutlery

shop from the money she borrowed. She shares that she does well in her business and

slowly repaid all her debts from the income earned from the business. Once her first loan

cycle was over she applied for the second loan of Rs. 25000/- and invested is expanding

her business and thus managed to open a shop at the Lucky Chowk in Dholka. Sitaben

and her husband have no words to express their gratitude, she shares that because of

financial support from The Saath Mahila Saving and Credit Co-operative Society Ltd she

not only became an independent but also managed to pay all her other debts.

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O8 Our Financial Report

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Sr. No. Branch District Address Team

1. Khanpur Ahmedabad Head Office: 3rd Floor, Mistry Cambers, Nr. Cama Hotel, Khanpur, Ahmedabad

Mr. Shyam Prakash Singh Ms. Bhavini Parmar Mr. Jigar Rabari Mr. Ashwin Jasakiya Ms. Anuradha Gharti Ms. Shakera Mansuri Ms. Rupa Dantani Mr. Sameer Rathod

2. Viramgam Ahmedabad C-21, Aksharnagar, Mandal Road, Viramgam

Ms. Shamji Thakor Mr. Kishor Ratnotar Ms. Ankita Patel Ms. Sheetal Sengal Ms. Zebar Rabari Ms. Nilam Pandya Ms. Varsha Rathod

3. Dholka Ahmedabad B-50, Gaytri Society, Near Pashwanath Hospital, Dholka, Ahmedabad

Mr. Govind Rathod Ms. Madhu Amin Mr. Viram Ghagharetiya Mr. Kalpesh Kumar Parmar Mr. Gautam Solanki Ms. Asha Masani

4. Kalol Gandhinagar S-15, City Mall, Navjivan Mill Compound, Kalol, Dist. Gandhinagar

Mr. Paresh Parmar Mr. Pankaj Parmar Ms. Vanita Parmar

5. Mansa Gandhinagar 1267/1, Gopal Park Socirety, Opp. Essar Petrol pump, Mansa, Ta. Mansa, Dist. Gandhinagar

Mr. Bhavesh Sorathiya

6. Kadi Mehsana B-35, Arbudanagar Society, Opp. Indian Petrol Pump, Nani Kadi, Kadi, Mehsana

Mr. Vipul Makwana Mr. Rahul Parmar

7. Patdi Surendranagar 3, Shrinathji Society, Behind Sahyog Hotel, Patdi, Surendranagar

Mr. Sailesh Makwana Mr. Mehul Kumar Makwana Ms. Shahinbanu Fakir Ms. Sita Khambhala

O9 Our Team & Offices

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Sr. No. Name Designation

1. Ms Jalpa Sukhanandi Chairman

2. Ms. S. Parul Prajapati Secretary

3. Mr. Shyam Prakash Singh CEO

4. Ms. Sonal Solanki Member

5. Ms. Ankita Patel Member

6. Ms. Mona Patel Member

7. Ms. Anuradha Gharti Member

10 Our Board

Email: saathmahilasavings@gmail.comPhone: +91 972 570 8023Web: saathmahila.orgRegistration No. AHM/SE-39905/12 Registered Office:O/102, Nandanvan 5, Jodhpur, Nr. Prernatirth Derasar Ahmedabad