Just flipped through CASHPOR’s Annual Report, considering they are a successful “not for profit” model of microfinance, some pertinent takeaways:

- A decade of experience with a GLP of INR 1810 Million with over 300,000 clients in 15 districts of East UP and Bihar.
- PAR>30 has halved to 0.69% ( against 1.77% in the previous fiscal) in a year where, without exception PAR>30 may have grown across MFIs. Really impressive.
- 66% of Cashpor’s matured clients have moved above the poverty line – Impact Assessment Study
- CASHPOR was ranked 4th in the Mix Global Composite Ranking of Profitable MFIs (For perspective, SKS was No.2)
- Capital Adequacy of 10.5% as on Mar-09 (Calculated by MCRIL) and plans to increase it to 12% by Mar-10 and continually meet the RBI CAR norms stipulated for NBFC’s. This would be achieved solely through a mix of retained earnings + subordinated debt. CASHPOR has no plans to attract commercial equity.
- MCRIL rating of Alpha(-) with a Positive Outlook
- Received Subordinated debt from Opportunity International and CORDAID
- Banking/FI relationships with 21 entities
- A Microfinance Business Manager of a leading Bank has joined CASHPOR as a Vice Chairman. This would add tremendously to their second line of leadership.