The objective of the company is to extend the micro-financial services to poor’s in the rural area through SHGs by a professionally managed Community Based micro-finance institution.
ANIK Financial Services Pvt. Ltd. is a Non Banking finance Company–Micro Finance Institution ( NBFC-MFI ) registered under Companies Act 1956 on 7th March 1991. It has its registered office at Latur and Head Office at Aurangabad. Economically and socially backward women are 100% share holders of the company which is the unique feature of the company. The women have organized through Self Help Groups which have been federated to form five Community based organizations in the name of Savitribai Phule Mutual Benefit Trust (SPMBT) in five districts. SPMBTs are a basically Federation of SHG in the respective districts registered as Mutual Benefit Trust under Indian Trust Act and working in the micro-finance business for last five years. The members of the SHGs federated in the MBTs (Mutual Benefit Trust) are mainly economically and socially backward community members especially Dalits. The main objective of the company is to extend the financial services to the so far excluded community. Therefore, this is an attempt of local organization to ensure financial inclusion of the community through an institution with local (community) governance and monitoring with the support of professionals.
Presently Anik is operating in four districts viz, Hingoli, Latur, Osmanabad and Beed through provision of micro-credit to its SHGs.
Anik Financial Services is presently having its operations in Four districts of Marathwada ( Maharashtra ) through its five units (branches) located at Kallam (Osmanabad), Latur, Kaij (Beed) and Hingoli.
Cumulatively the company has outstanding of Rs. 10.03 Crore as on 31 March 2018. The company has shown good growth within the limited fund support. The company is operating with the best efficiency and maintains 99.76 % on time recovery rate with net NPA level of 0.07 % .
The Borrowers are mainly SHGs and the SHG members are engaged in agriculture and allied activities which include Goatary, dairy etc. 35% of total loan will be given for Non farm sector activities.
1. Presently the company covers 388 villages with 2185 SHGs 23436 Members linked with it as on 31 March 2018.
Ambajogai Road, Latur. 413 512.
Town Centre N-1, CIDCO,
AURANGABAD 431 003
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