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Cashpor Won Best MFI of the Year Award 2012

 

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Governance:


Prof. David S. Gibbons, Chairman of the Board

Prof. Gibbons is a PhD holder in Politics & Economics from Princeton (1968) and has taught at University Sains in Penang, under whose auspices he founded Amanah Ikhtiar Malaysia. This was the first successful international replication of the Grameen Bank of Bangladesh. In 1996, Prof Gibbons founded CASHPOR Financial and Technical Services and subsequently CASHPOR Micro Credit, a not-for-profit MFI in India that now provides financial services to 500,000 plus below-poverty-line women in eastern Uttar Pradesh and Bihar, in a financially-sustainable manner and as a Business Correspondent for banks. Under his leadership the Company’s portfolio has increased to Rs468cr, which is distributed in form of small loans to generate additional income for BPL women.  He was awarded with the “Contribution to the Microfinance Sector by an Individual Award” in 2011 at Access Microfinance India Summit. He is also a former member of Policy Advisory Group of CGAP, World Bank; and has authored many papers and training manuals on building institutional capacity for microfinance of poor women. Born in Canada in 1940, he is now a Malaysian Citizen.

 

   

Vice Chairperson

 
Ms. Moumita Sensarma, aged 45 years is a Chartered Accountant (CA). She is Honorary Vice Chairperson of the Company. She is also the Chairperson of the Audit and Credit + Committees of Board. Formerly Head of Microfinance and Sustainable Development India for ABN AMRO Bank. She is also Trustee, CASHPOR Trust She is associated with Cashpor Group since Dec-2004.Ms. Sen Sarma, a Chartered Accountant by training, has been associated with the Financial Services sector, both domestically & abroad, for the last 21 years in several capacities. She has been a frequent speaker at conferences on both Microfinance and Sustainable Development in India and abroad (incl USA, EU: World Bank/IFC, Tallberg, WEC, Ethical Corporation, Women’s World Banking, Euro Market Forum, Sa-Dhan, WRI) as well as Business Schools (IIM A, ISB, S.P Jain). She has experience of more than 7 years in micro finance.
   

Managing Director

 
Mr. Mukul Jaiswal, aged 41 years is a Chartered Accountant (CA). He is also the Managing Director of CMC and CFS pvt. Ltd. and Director- in- Charge of CFTS Pvt. Ltd. He has experience of more than 12 years in micro finance. Mr. Jaiswal has been associated with CASHPOR since 2001 and has always been a helping hand for CASHPOR in capacity as a partner of Statutory Audit firm that used to provide audit & consulting services to the CASHPOR Group. He was impressed with the noble efforts of Prof.  Gibbons and that led him to take voluntary retirement from his practice as a CA on Prof.’s offer of joining CASHPOR as its Managing Director in 2009.
   

Director CMC, CFS, CFTS

 
.Mr. Sanjoy Dasgupta, aged 73 years is a commerce graduate. He is the Director, CMC, CFS, CFTS. He is also Ex. Chief Admin Officer, PIDT, a mixed education oriented and microfinance NGO and has experience of more than 14 years in Micro Finance. Mr. Dasgupta has been associated with the social services for more than one and half decades. He is one of the first directors of the CASHPOR when it started its operations back in 1997 where he took active participation in promoting credit as well as non-credit services, including extension of scholarships, organizing health camps, etc.