Strategic Partnerships with Funding Agencies
The partnerships are an acknowledgement of ASA-GV’s
achievements over the last two decades, and the prospects
of growth in the future.
Partnership with Ford Foundation
Ford Foundation, which has been supporting the development
initiatives of ASA for almost the last two decades, has also
extended support for the transformation efforts of the microfinance
programme during 2004-05, with the prospects of partnering
with ASA-GV for future growth. The partnership with Ford Foundation
comes with a support of Rs.100 lakhs over two years, which
will be used to improve the Capital Adequacy Ratio (CAR) of
GV. Ford Foundation has also provided grant support for transformation
training to staff as well as members, as well as for election
of SHG leaders, and for preparation of account books and accounting
statements for the SHGs.
Strategic Partnership with SIDBI
Small Industries Development Bank of India (SIDBI),
one of the foremost financial institutions supporting microfinance
in the country, has been one among the major supporters of
ASA-GV’s microfinance programme, with SIDBI’s
loans for onward lending forming the highest proportion of
ASA-GV’s total portfolio, during the past two years.
During 2004-05 the partnership with SIDBI reached new heights
with their generous support for onward lending at lower interest
rates, soft loan for transformation as well as additional
support for capacity building.
High-Growth Partnership with
Grameen Foundation
Grameen Foundation USA (GFUSA) is a global non-profit
organization that combines microfinance, new technologies,
and innovative thinking to empower the world's poorest people
to escape poverty. Grameen Foundation has been a strategic
partner for a long time, actively supported investment in
transformation and the relationship was strengthened further
through a “high growth partnership” agreement
signed between ASA-GV and GFUSA. The support for high growth
will be in the form of funds for onward lending, and support
for capacity building.
Partnership with Unitus
Unitus is a not-for-profit organisation based in US,
with the mission of accelerating the growth of microfinance
institutions (MFIs) across the world. The Unitus partnership
with ASA-GV comes with support for software, training and
staff development and other capacity building support in addition
to facilitating transformation.
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