visit report canara bank

Date: 24.11.2014
PRESANCTION VISIT REPORT OF ANNAPURNA MICROFINANCE
1. Name of the Party : Annapurna Microfinance Pvt. Ltd.

2. Name of the promoter : Mr. Gobinda Chandra Pattanaik

3. Head office Address : 97,Dharma Vihar, Khandagiri square, Bhubaneswar, Orissa, 705030,

4. Line of Activity : Microfinance (on lending to SHG)

5. Present Banker : Allahabad bank, BOI,OBC,SIDBI,SBI,HDFC,DCB, IDBI,Dena , Canara , UCO,Ratnakar Bank

6. Facility Availed from current bank : TL o/s as on Sept 14 : Rs. 1,90,65,93,141.96 Long term loan as on Sept 14: Rs. 90, 69,70,066

7. Limit Required from us : Rs. 1000 lacs

8. Date of visit : 21.11.14

9. Name of the official visited the site :

10. Visit Report :

I have visited the Head office situated at Bhubaneswar as well as one branch situated in Balugaon of Odisha on 21.11.14. I have seen the premises of the organization as well as visited 7 SHG groups. The details of the groups are as under:
S.No
Name of SHG
Date of formation
Number of members
Loan Amount
Loan Cycle
Activity
1
Jay Bajarangabali SHG
17-11-2011
10
180000
2nd
Agri allied
2
Maa Mangala SHG
20-06-2013
12
180000
1st
Agri allied
3
Maa Khilamunda SHG
06-05-2013
10
104000
1st
Agri allied
4