CASHPOR Micro Credit is a poverty focused, not for profit Company that provides microfinance exclusively to Below Poverty Line women in eastern U.P. and Bihar.
Vision & Mission: Our vision is that all our clients use CASHPOR to lift themselves and their families out of poverty, with healthy children attending school. Our mission is to identify BPL women in rural areas and to provide financial and other vital credit plus services in a honest timely and efficient manner.
Monitoring our social impact annually shows that more than two thirds of Mature Clients are no longer poor, CASHPOR itself has become a financially sustainable microfinance institution for the poor, providing an alternative to the for profit MFIs.
Micro Pension Program
CASHPOR is acting as an aggregator of Pension Fund Regulatory & Development Authority (PFRDA) to facilitate access of its NPS Lite (Swavalamban) old age pension scheme to its BPL beneficiaries.
The Cashpor Micro Credit is undergoing the process of Bank Loan Rating every year for its loan exposures as per requirement of Basel II Capital Adequacy Framework for banking sector. The Company’s last exposure as of March2015 was rated for a period from April2015 to March2016 by CRISIL Ratings and rating was assigned to BBB-/ stable. However, the subsequent mandate had been assigned to India Ratings through agreement dated 8th February2016 for loan exposure as of March2016 and CRISIL had been informed accordingly on 9th February 2016. The India Ratings has assigned us BBB/ stable ratings for loan exposure of INR 6,339 million (which includes loan exposure as of march2016 and subsequent loan disbursements received till September2016) and same has been already communicated to all our lenders.