FROM MD’S DESK

Microfinance is a challenging sector in present scenario & we have taken this in a very suitable way.Also there have a golden opportunity to reach the milestone.Through the rise & fall of many expectations , probability, SOUJONYO MICRO SERVICES FEDERATION establishes every poor to poorer families member as a entrepreneur as well as the company become a big entrepreneur .

Only through The Microfinance Institutions has it been possible to provide financial security to all sections of the society & Soujonyo Micro Services Federation able to provide that prosperity to the poorest of the poor family & I am proud to be involved in this activity of the company to devote myself to the welfare of the society. Microfinance Institution has become a financial support system for small businesses. In this way The SMSF has established itself as a part of the financial support system & is constantly striving to meet the financial needs and daily needs of all section of the society.

Significantly to give worthy honors to women SMSF is given loan through Joint Liability Group(JLG)/Self Help Group (SHG) to make women more self-reliant & more open to their sense of responsibility .Unlike other MFIs, Soujonyo Micro Services Federation not only provides financial security to the lower economical classes of the society but also protects the well-being of their daily lives with proper hygiene. The incremental service in providing & repaying loans in small groups (JLG/SHG) has been extended to a maximum of 2 years. This allows customers to easily repay their loans in small amount of instalments as well as establish themselves as a entrepreneur in their own field. In this way SMSF continue to play an important role in protecting farmers , labours, small traders from conspiracy of moneylenders,greedy landlords. Not only this, with the help of micro-credit in the field of education & home reform,social awakening is unleashed.

From social responsibility, in the time of corona virus epidemic ,The SMSF announced the Loan moratorium (Ontime & Post Lockdown ), distributed Mask,sanitizer etc,promoted the social awareness through our company stuff has constantly tried to reach all levels of socity as much as possible.

The potential of our company to ensure financial inclusion and thereby inclusive development is not hidden from anybody and therefore aforesaid challenges must be redressed on urgent basis.A better understanding of the diversity of women’s livelihood and a better understanding of the range of constraints , motivations,skills and capabilities of women through the livelihood framework help in better operation, skill development of our company’s microfinance service.