GU Finance

Operational Area

Our Impact

Portfolio Report
State	01
District	11
SHG Formed	10970
Member	102700
Loan Disb.	200.20
No of Loans	33249
Outstanding	54.80
% of Recovery	99.98
Staffs	129
Branches	30
BC Portfolio (Yes Bank)
No of Groups	3547
No of Members	38433
Disb.Amount	76.45 Cr
Loan Recovered	73.45 Cr
Outstanding	03.43 Cr
ROI	24%
BC Portfolio (AROHAN)
Nos of JLGs	4910
No of Members	21406
Disb. Amount	55.34 Crs.
Loan Recovery	24.18 Crs
Outstanding	31.16 Crs.
ROI	25.96

ROI	24%,26%, 25.96% Reducing
LPF	1%
Insurance per Rs.1000	Rs.4

How we work

Our Strategy

Formation of Women Self Help Group
Provide Financial Services
Active Involvement of different stakeholders in planning
Reduction of gender discrimination.
Provide skill training
Establishing network/Partnership.
Perform advocacy on various issues through SROs.

Our team members are experts, who have enough of knowledge, good and sound judgement and expertise to predict what you can and what you should do next.

Our Cases

Chairman's Message

The drive to provide need based financial services to financially excluded households continuously with affordable cost at their doorstep has been successful. Though we have not increased significantly the outreach in last year, but the quality of services has been improved. The past year has been a fulfilling and successful year.
This report celebrates some success stories as well as the efforts of our field and office staff to make it significant.
Furthermore, this report will convey the color and vibrancy of the communities we serve as well as the people; Women, Children, Aged and the cherished friends.
We are grateful to all clients and supporters of GUFSPL and every one of our employees.
We are grateful to our board members who devote their valuable time each year to help us fulfill our mission. Hope that the Annual Report will be useful in sharing with our partners, well wishers and other stakeholders about our program. We solicit valuable suggestion, support and cooperation to rope in joint and collaborative efforts to expand our area of operation and program intervention.

Board of Directors

Govind Dash Chairman	Prasad Kuchibatla Independent Director	Sashibhusan Dash Managing Director
Gobinda Nayak Director	Sanjukta Raiguru Independent Director

Management Staffs

	Prakash Jena(IT)	Kailash Rout(Operation)
Krushna Pallai(Accounts)	Akshaya Sutar(Audit)	Saumya Patra(HR)

Legality

Name of Company	G U Financial Services Pvt Ltd.
RBI Reg. No	B-04.00028
Corporate Identity No	U67120OR1989PTC017916
Company Category	NBFC

Success Stories

Sasmita (19)

19 YEARS SELF – EMPLOYED

An unmarried girl named Sasmita (19) resides in the village Bajarpur of Rajkanika block of Kendrapada district. The story of Sasmita Nayak is about her struggle to become an expert on the field Agarbati making. To meet the financial needs of her family she got herself enrolled in the training provided by KPC on agarbati making in her village. After the training program KPC assured to provide raw materials and marketing as well at their doorstep .After getting the assurance she started working on agarbati making and earning Rs35/- to Rs40/- per day. She works hard and adopts the trade as her livelihood to improve the economic condition of her family.

Taking Poultry Route for Prosperity

Ms. Smitanjali Khatua
At- Banamaliprasad, Dhenkanal, Odisha

Leaving behind all social stigma and fear of loss, Smitanjali Khatua of Banamaliprasad, Dhenkanal along with her family members started poultry farming after getting financial service and support from GUFSPL. She is one of the active members of Banamaliprasad-D SHG formed and nurtured by GUFSPL staff members. Poultry are farmed in great numbers in the country but our SHG members believe that the demand in the poultry business is yet to be satisfied. It really plays an important role in the total economy and fulfilling the nutrition demand in the locality. Smitanjali and her family members are doing poultry farming with all effort and in a year are able to complete six cycle of production. Each cycle fetch them around Rs.10, 000/- which is Rs.60, 000/- per annum.

This gives ample hints that the women SHG members like Smitanjali have capacity for business planning, management of the unit, marketing as well negotiation with GUFSPL and Suguna chicken center for timely loan support and marketing respectively. She availed Rs.8, 000/- of loan amount as first loan, Rs.15, 000/- as second loan and Rs.30, 000/- as third loan respectively. Women members like Smitanjali have the capacity but due to lack of capital they were living poor life. Timely tiny loan support brought improvements in their economic condition of their family. The most important part which needs to be highlighted is the example created by these women members of other SHG women of their locality to start Income Generating Activity to become change agent of their family as well as village.

Benefits of Scale

Ms. Lilibala Sahoo

At- Bhapur, Dhenkanal, Odisha

Odisha is a state with highest consumption of green vegetables. The women SHG members know well there is a demand in the market for green and leafy vegetables. Normally in rural areas, the households do cultivate vegetable in their land near to their household for consumption and to sell the surplus. Lilibala Sahoo of Banamaliprasad, Dhenkanal inspired by the staff members of GUFSPL thought to do vegetable cultivation for increase of income for their household. She along with her family members decided to avail financial services from GUFSPL to do vegetable cultivation in small scale wherein they can increase the income as well cash flow to their household.

Gradually she learnt a lot regarding vegetable cultivation like seasonal crop planning, technical knowledge to reduce input cost and use of organic manure. She availed loan of Rs.8, 000/-, Rs.15, 000/- and Rs.30, 000/- as first, second and third loan respectively. At the increase of loan amount Lilibala Sahoo also increase the area of vegetable cultivation. At present she is cultivating vegetable in 3 acres of land which fetches Rs.65, 000/- to Rs.70,000/- per annum income to the household. At the same time her households and neighbours got fresh green vegetable to eat. She got the benefits of scale.

Financial Services

We provide Microfinance services: We have more than 2 decades of experience in providing microfinance facilities to the rural populace. Our strength lies in understanding the functioning of the rural financial market, which enables us to connect better with the clients. We are associated with the clients by providing various credit plus activities which help them to lead a better quality life.

Our focus is to alleviate poverty: We provide collateral free loans to the rural women through the SHG model. Our interest rates are as per the industry given standards. Our primary aim is to financially educate the rural population and provide development finance and eradicate poverty.

We have a definite geographical area of operations: Our activities are concentrated in the State of Odisha. Our definitive geographical coverage gives us a firm control over the given area. However, in due course of time with more flow of funds we have planned to venture into other states to mitigate the concentration risk.

We are an NBFC: We are an NBFC carrying out MFI activities since 2008 and being eligible to be converted into NBFC-MFI status, we have applied to RBI, Bhubaneswar for reclassification as NBFC-MFI.

About us

Sl No	Name of Branch
1	Nilagiri Branch
2	Soro Branch
3	Markona Branch

Sl No	Name of Branch
1	Chandikhole Branch
2	Kuakhia Branch
3	Mangalpur Branch
4	Jajpur Branch
5	Pritipur Branch
5	Vyasanagar Branch

Sl No	Name of Branch
1	Basudevpur Branch
2	Tihidi Branch
3	Bhadrak Branch
4	Bpokhari Branch
5	Chandabali Branch

Sl No	Name of Branch
1	Athagarh Branch
2	Nuapatna Branch

Sl No	Name of Branch
1	Rajkanika Branch
2	Aul Branch
3	Govindpur Branch
4	Pattamundai Branch
5	Madanpur Branch
6	Jarimula Branch

GRIEVANCE REDRESSAL

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