Affiliates
Besides the Bankers, Investors and Compliance related relationships, Spandana also
benefits from the affiliations with various agencies. Some of the key affiliations
are -
1. Industry Associations
Sa-Dhan
is an industry association of Community Development Financial Institutions (CDFIs)
including Microfinance Institutions (MFIs) in India. Sa-dhan’s mission is to build
the field of community development finance in India to help its member and associate
institutions to better serve low-income households, particularly women, in both
rural and urban India, in their quest for establishing stable livelihoods and improving
quality of life. Spandana is a member of the Sa-dhan.
(www.sa-dhan.net)
Micro
Finance Institutions Network (MFIN) is an association of MFIs formed predominantly
as a Self-Regulatory Organisation (SRO). MFIN is planning to promote industry level
resources like a Credit Bureau for microfinance clients. Since it is a new Body,
its activities are likely to evolve over a period of time into an industry association
of RBI regulated MFIs. Spandana is a member of MFIN.
Women’s World Banking (WWB) seeks to alleviate
global poverty by expanding the economic assets, participation and power of the
poor, especially women. WWB is a global network of microfinance providers and banks,
working to bring financial services and information to low-income entrepreneurs.
During the past three decades, this global partnership has enabled many of network
institutions to evolve from donor-dependent, philanthropic initiatives to self-sustaining
financial institutions offering credit, savings, insurance and other essential products
and services to millions of microentrepreneurs, the majority of them women. (http://www.swwb.org/about)
The
Smart Campaign is a global effort to unite microfinance leaders around a common
goal : to keep clients as a driving force of the industry. Protecting clients is
not only the right thing to do; it’s the smart thing to do. When microfinance institutions
implement the Campaign’s Client Protection Principles into their operations, they
build strong, lasting relationships with clients, increase client retention, and
reduce financial risk. Spandana subscribes to Smart Campaign. (www.smartcampaign.org)
The Microcredit Summit Campaign
is a project of the RESULTS Educational Fund, a U.S.-based grassroots advocacy organization
committed to ending hunger and poverty. The Campaign brings together microcredit
practitioners, advocates, educational institutions, donor agencies, international
financial institutions, non-governmental organizations and others involved with
microcredit to promote best practices in the field, to stimulate the interchanging
of knowledge, and to work towards reaching our goals. Spandana subscribes to Microcredit
Summit Campaign. (www.microcreditsummit.org)
2. Research & Advocacy
IFMR – Center for Microfinance
The
mission of the Centre for Microfinance, IFMR is to improve the accessibility and
quality of financial services for the poor through rigorous research, knowledge
dissemination and evidence-based policy for MFIs. Centre works in partnership with
various MFIs in India, banks, donors, investors, training institutions and several
academic institutions in India and abroad, including Massachusetts Institute of
Technology (MIT), Yale, Harvard, New York University (NYU) and Indian School of
Business (ISB). CMF also works actively with Indian regulators, policymakers and
other stakeholders to disseminate results from its work and help shape the policies
and donor paradigms that frame the sector. Spandana has research engagements with
CMF, IFMR. (http://www.ifmr.ac.in/cmf/)
3. Corporate Partnerships
Max New York Life Insurance Company Ltd. is a joint venture
between Max India Limited, one of India's leading multi-business corporations and
New York Life International, a Fortune 100 company. Max New York Life has multi-channel
distribution spread across the country and offers a suite of flexible products covering
both life and health insurance. Max New York Life is the insurance service provider
to Spandana clients.
Hindustan
Unilever Limited (HUL) is India’s largest fast-moving consumer goods company, touching
the lives of two out of three Indians with over 20 distinct categories in home and
personal care products and foods and beverages. HUL meets every day needs for nutrition,
hygiene, and personal care with brands that help people feel good, look good, and
get more out of life. Spandana finances Unilever Pureit purifiers to its borrowers.
Micro Energy Credits: MEC is a US-based social enterprise
and has tied up MFI across the globe to help them Aggregate carbon offsets, so that
when companies and individuals take action to stop climate change, micro entrepreneurs
in developing countries are able to invest in clean energy as a component of their
micro finance loan. Spandana monetizes carbon credits for it energy loans through
MEC.
PATH
is an international nonprofit organization that creates sustainable, culturally
relevant solutions, enabling communities worldwide to break longstanding cycles
of poor health. By collaborating with diverse public- and private-sector partners,
they help provide appropriate health technologies and vital strategies that change
the way people think and act. Spandana is an active partner in the Safe water intervention
prom of PATH.
Abt
Associates is one of the largest for-profit government and business research and
consulting firms in the world. Abt applies scientific research, consulting, and
technical assistance expertise to a wide range of issues in social, economic, and
health policy; international development; and clinical trials and registries. Spandana
uses the services of Abt Associates for research and surveys on water purifiers
disbursed through its loans.
HSBC
works in the community in India in the areas of Financial inclusion, environment
and sustainability. Their financial inclusion initiatives support education of children
from underprivileged communities. Life skills training for disadvantaged youth and
financial literacy and entrepreneurship capacity building for rural women in marginalized
communities. HSBC’s environmental initiatives support water harvesting, habitat
and biodiversity conservation , sustainable livelihoods and climate change awareness.
| » | Industry Associations |
| » | Research & Advocacy |
| » | Corporate Partnerships |
1. Industry Associations
Sa-Dhan
is an industry association of Community Development Financial Institutions (CDFIs)
including Microfinance Institutions (MFIs) in India. Sa-dhan’s mission is to build
the field of community development finance in India to help its member and associate
institutions to better serve low-income households, particularly women, in both
rural and urban India, in their quest for establishing stable livelihoods and improving
quality of life. Spandana is a member of the Sa-dhan.
(www.sa-dhan.net)
Micro
Finance Institutions Network (MFIN) is an association of MFIs formed predominantly
as a Self-Regulatory Organisation (SRO). MFIN is planning to promote industry level
resources like a Credit Bureau for microfinance clients. Since it is a new Body,
its activities are likely to evolve over a period of time into an industry association
of RBI regulated MFIs. Spandana is a member of MFIN.Women’s World Banking (WWB) seeks to alleviate
global poverty by expanding the economic assets, participation and power of the
poor, especially women. WWB is a global network of microfinance providers and banks,
working to bring financial services and information to low-income entrepreneurs.
During the past three decades, this global partnership has enabled many of network
institutions to evolve from donor-dependent, philanthropic initiatives to self-sustaining
financial institutions offering credit, savings, insurance and other essential products
and services to millions of microentrepreneurs, the majority of them women. (http://www.swwb.org/about)The
Smart Campaign is a global effort to unite microfinance leaders around a common
goal : to keep clients as a driving force of the industry. Protecting clients is
not only the right thing to do; it’s the smart thing to do. When microfinance institutions
implement the Campaign’s Client Protection Principles into their operations, they
build strong, lasting relationships with clients, increase client retention, and
reduce financial risk. Spandana subscribes to Smart Campaign. (www.smartcampaign.org)The Microcredit Summit Campaign
is a project of the RESULTS Educational Fund, a U.S.-based grassroots advocacy organization
committed to ending hunger and poverty. The Campaign brings together microcredit
practitioners, advocates, educational institutions, donor agencies, international
financial institutions, non-governmental organizations and others involved with
microcredit to promote best practices in the field, to stimulate the interchanging
of knowledge, and to work towards reaching our goals. Spandana subscribes to Microcredit
Summit Campaign. (www.microcreditsummit.org)2. Research & Advocacy
IFMR – Center for Microfinance
The
mission of the Centre for Microfinance, IFMR is to improve the accessibility and
quality of financial services for the poor through rigorous research, knowledge
dissemination and evidence-based policy for MFIs. Centre works in partnership with
various MFIs in India, banks, donors, investors, training institutions and several
academic institutions in India and abroad, including Massachusetts Institute of
Technology (MIT), Yale, Harvard, New York University (NYU) and Indian School of
Business (ISB). CMF also works actively with Indian regulators, policymakers and
other stakeholders to disseminate results from its work and help shape the policies
and donor paradigms that frame the sector. Spandana has research engagements with
CMF, IFMR. (http://www.ifmr.ac.in/cmf/)3. Corporate Partnerships
Max New York Life Insurance Company Ltd. is a joint venture
between Max India Limited, one of India's leading multi-business corporations and
New York Life International, a Fortune 100 company. Max New York Life has multi-channel
distribution spread across the country and offers a suite of flexible products covering
both life and health insurance. Max New York Life is the insurance service provider
to Spandana clients.
Hindustan
Unilever Limited (HUL) is India’s largest fast-moving consumer goods company, touching
the lives of two out of three Indians with over 20 distinct categories in home and
personal care products and foods and beverages. HUL meets every day needs for nutrition,
hygiene, and personal care with brands that help people feel good, look good, and
get more out of life. Spandana finances Unilever Pureit purifiers to its borrowers.Micro Energy Credits: MEC is a US-based social enterprise
and has tied up MFI across the globe to help them Aggregate carbon offsets, so that
when companies and individuals take action to stop climate change, micro entrepreneurs
in developing countries are able to invest in clean energy as a component of their
micro finance loan. Spandana monetizes carbon credits for it energy loans through
MEC.PATH
is an international nonprofit organization that creates sustainable, culturally
relevant solutions, enabling communities worldwide to break longstanding cycles
of poor health. By collaborating with diverse public- and private-sector partners,
they help provide appropriate health technologies and vital strategies that change
the way people think and act. Spandana is an active partner in the Safe water intervention
prom of PATH.
Abt
Associates is one of the largest for-profit government and business research and
consulting firms in the world. Abt applies scientific research, consulting, and
technical assistance expertise to a wide range of issues in social, economic, and
health policy; international development; and clinical trials and registries. Spandana
uses the services of Abt Associates for research and surveys on water purifiers
disbursed through its loans.HSBC
works in the community in India in the areas of Financial inclusion, environment
and sustainability. Their financial inclusion initiatives support education of children
from underprivileged communities. Life skills training for disadvantaged youth and
financial literacy and entrepreneurship capacity building for rural women in marginalized
communities. HSBC’s environmental initiatives support water harvesting, habitat
and biodiversity conservation , sustainable livelihoods and climate change awareness.