Partners | BJS

Alliance Partner

Ananya Finance for Inclusive Growth Limited is an institution which is friendly towards MFIs. The institution extended its hands as a financial partner of BJS in June 2010 to help the organization to scale-up its operations. After the successful completion of the repayment of the first and second term loans on time the institution extended the third term loan in favour of BJS in 2015. BJS is very much thankful to the Management of Ananya.

Ananya Finance

Bangiya Grameen Bikash Bank

BGVB is a Regional Rural Bank sponsored by United Bank of India. It has been extending support to micro finance institutions across West Bengal. BGVB became the financial partner of BJS in November 2010. BJS has been enjoying a Cash Credit Limit with this Bank. The financial support extended by BGVB strengthened the BJS microfinance program further.

BJS got Bank of Baroda (Formerly Dena Bank) in its financial partners list in September’ 2014. The Bank extended credit facilities in favor of BJS in the form of Term Loan. Depending on the performance of the first loan the Bank was pleased to sanction another Term Loan in October’ 2015. The relationship between the Bank and BJS is growing day-by-day which is leading to provide more services for poverty alleviation from the society.

Bank of Baroda

Indian Oversees Bank

BJS got Indian Overseas Bank (IOB) as its financial partner list in July’ 2013. The Bank extended its financial assistance to BJS in the form of Term Loan. Considering the performance of BJS the Bank further extended its credit facility in 2015 and the limit was double than the previous sanctioned limit. The cooperation extended by the Bank will help BJS to expand its services towards mankind.

KIVA Microfunds, USA a non-profit organization with a mission to connect people through lending to alleviate poverty. Leveraging the internet and a worldwide network of microfinance institutions, KIVA lets individuals lend as little as $25 to help create opportunity around the world. KIVA became the financial partner of BJS in 2013. BJS gets funds from KIVA against External Commercial Borrowing (ECB) under the policy guideline of Reserve Bank of India. The partnership gave BJS the opportunity to have a platform to show its microfinance activities worldwide. BJS borrowers under KIVA Loan are now making their prosperous fortune with the help of a foreign investor.

KIVA

Maanaveeya Development & Finance Pvt. Ltd. (Oiko Credit) extended a Term Loan facility to BJS in June 2010. With the assistance BJS got a new financial partner. They had extended their second loan to BJS in February’ 2012. BJS wants to carry out the partnership through a long way in future also.

Oiko Credit

MILAAP became the financial partner of BJS in August’ 2014 through their crowd funding program. BJS posts the borrowers’ profiles in the website of MILAAP and after the fund is generated MILAAP reimburse the fund to BJS. It’s a very noble job on the part of MILAAP and the partnership tie-up gave BJS an excellent opportunity to make another way out to help the poor people of our community.

Milaap

MUDRA (formerly known as Small Industries Development Bank of India (SIDBI)) was specifically created to encourage Microfinance Institutions across the country. This development bank takes a positive and protective approach towards small MFIs and new entrants. BJS received its first term loan in March 2009. Looking at the transparent approach and quality service of BJS, MUDRA sanctioned further loans in the successive years in both form of Sub-debts (IMEF) and Term Loan. With the active support of MUDRA, BJS is approaching further in wider arena of its holistic services towards mankind.

SIDBI

State Bank of India

In December 2008 BJS got this premier bank as its first financial partner. The organization has been receiving constant support and encouragement from this Bank. BJS has been enjoying a Cash Credit Limit facility with SBI. The support extended by SBI encouraged BJS to move forward with its noble service of microfinance towards poverty alleviation.

BJS have UCO Bank as its financial partner and the relationship started in March’ 2015 with the financial help of UCO Bank in the form of a Term Loan BJS could expand its service towards the downtrodden women for their poverty alleviation. The bonding between BJS and UCO is growing further day by day towards expansion of the service in much bigger volume. BJS is very much thankful to the management of the UCO Bank.

UCO Bank

United Bank of India (UBI) gave their first sanction of a Term Loan in March’ 2015. Based on the holistic approach of BJS towards mankind, its quality work, excellent debt service performance UBI has extended another Term Loan within next six months. Presently BJS has the highest amount of sanction from a single Bank/FI with UBI. The relationship is growing day-by-day. BJS banks on the excellent support from UBI and it is very much thankful to the UBI Management for their trust and support to BJS.

United Bank of India

Bandhan Bank

Bandhan the no. 1 microfinance institution of India by dint of its volume of operation extended its technical and financial support to BJS for a very unique project named Targeting Hardcore Poor (THP). It’s a very nobel project for the ultra-poor for graduating them to main stream of microfinance program through involving them in income generating activities. Bandhan became the financial partner of BJS by providing 75% of the financial support of this project. They are also providing technical supports through arranging trainings for the clients as well as the staffs involved in the project. BJS is very much proud of this relationship with Bandhan.

National Bank of Agriculture and Rural Development (NABARD) provides effective credit support, related services, institution development and other innovative initiatives to promote sustainable and equitable agriculture and rural prosperity. The objective of BJS is also in the same line and depending on that NABARD extended both financial and technical support in favor of BJS in March, 2014 to establish an employment generation project "BJS Handicrafts". BJS is very much thankful to NABARD authority for their active co-operation and supports.

Nabard

Networking Partner

BRAC is the largest non-governmental development organization in the world, measured by the number of employees and the number of people it has helped. Starting its journey in 1972 in the newly sovereign Bangladesh, BRAC has covered many other countries with a work force of 115,000 people and the population covered with its service is 138 Million. Over the course of their evolution, they have been playing a role of recognizing and tackling the many different realities of poverty. BJS got BRAC as its networking partner since the commencement of BJS operation in 2006. BJS is very much proud of having BRAC as its networking partner.

BRAC

Access

ACCESS Development Services became a networking partner of BJS since 2009. BJS participates in different programs of ACCESS actively and get technical supports that helped BJS to implement sustainable projects for the livelihood promotion of the poor to combat poverty. ACCESS Development Services is a national level livelihoods promotion organization with a focus on incubating innovations and sustainable models for the livelihoods promotion of the poor. In addition, ACCESS also undertakes national initiatives to inform and influence policy and strengthen the enabling environment. BJS is very happy to have Access as its networking partner.

BJS is the active member of AMFI-WB from the beginning. AMFIWB stands for Association of Micro Finance Institutions – West Bengal. Association of Micro finance Institutions - West Bengal (AMFI - WB) is an institution which serves the cause of promotion and development of micro finance in the State with a membership of 28 Micro Finance Institutions. AMFI – WB is currently catering to around 40 lakh poor women by providing them financial services, especially micro credit through approximately 13,000 employees who hail from lower economic background, AMFI–WB upholds the cause of micro finance through organizing Interactive Sessions, Seminars, and Workshops for the employees of MFIs to ensure client protection, for the stakeholders including bankers, politicians and even for borrowers in order to have effective and smooth functioning of micro finance activities with enough fund flow and so on. BJS is a member of Board of Trustee during this reporting period and selected by the members of AMFI-WB. BJS participated most of the important meeting of AMFI-WB and shared its critical views of development of Association of Micro Finance.

AMFI

Sa Dhan

Microfinance has been acknowledged as an effective tool for rural upliftment and development the world over. Several MFI (Microfinanace Institution) models, primarily promoted by Non-Government Organisations (NGOs), have been working independently for a long time in India too. Yet, there has been a long-felt need to form a specialized network of Community Development Finance Institutions (CDFIs) that could take forward the collective requirements of these organizations: dialoguing with policy makers, capacity building, and identification and development of minimum standards of performance in a participatory manner, so that the challenge of professionally creating a large number of sustainable livelihoods is made possible. Sa-Dhan was designed and developed as such a platform. Sa-Dhan’s mission is to build the field of community development finance in India to help its member and associate institutions to better serve low-income households, particularly women, in both rural and urban India, in their quest for establishing stable livelihoods and improving quality of life. BJS became an active member of Sa-Dhan since 2008.