Read and Download Ujjivan Online Book

Download and Read Ujjivan PDF

BySubir Roy

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26

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Synopsis

Ujjivan, a modest start-up by Samit Ghosh that is now a leading microfinance institution (MFI) and a small payments bank (SPB), has set for itself a near-impossible goal - ridding India of poverty.What started with a four-person team in a Bangalore garage today has 8,000 employees, three million borrowers, has disbursed loans worth Rs.15,600 crore, has operations in every Indian state, and made a stellar debut on NSE, the scrip being subscribed over 40 times! A pioneer in using technology andleading management practices, Ujjivan serves poor people and helps them access retail financial services. As a microfinance organization Ujjivan foremost gives small unsecured loans to poor women to help them earn more and get out of poverty. In microfinance it has chalked out a new path by workingwith the urban poor when most MFIs across the world have focused on the rural poor. Ujjivan has proved that the risk involved in lending to the poor can be managed to be financially viable. What has made Ujjivan a successful MFI that can look forward to both stability and high growth? Tracking Ujjivan's progress through the past decade, this book shows how the firm has achieved milestone after milestone, battling through the Andhra Pradesh crisis and the global slowdown, and emergingunscathed to grow to be among the top 10 MFIs in the country.